The company is issuing 100 percent right share from June 15. Now the issue will close on July 8.
The company is issuing 6,127,938 units of right shares at a face value of Rs 100 per unit to its existing shareholders.
The company closed its book on May 21 for the issue, thus, the shareholders registered in its book till May 20 will be eligible to apply for the right share.
ICRA Nepal has assigned B- rating to the issue indicating high risks.
The company appointed Muktinath Capital as issue manager. Interested shareholders can apply from the office of issue manager as well as corporate office of Rapti Hydro at Tripureshwor, Kathmandu. They can also apply from Birtamod-Jhapa, Biratnagar-Morang, Janakpur-Dhanusa, Narayangadh-Chitwan, Pokhara-Kaski, Butwal, Rupandehi, Nepalgunj-Banke, Birendranagar-Surkhet, Dhangadhi-Kailali and Mahendranagar-Kanchanpur.
Moreover, they can apply from all C-ASBA approved BFIs and Meroshare. The company has current paid-up capital of Rs 612.7 million that will reach Rs 1.22 billion after the right issue.
