NEPSE Adjusts Stock Price of HIDCL

Jun 11, 2021 10:54 AM Merolagani

Nepal Stock Exchange (NEPSE) has adjusted the stock price of Hydroelectricity Investment and Development Company (HIDCL) following its book close for its upcoming right issue.

The local bourse adjusted the stock price at Rs 343 after adjusting 100 percent right shares. The last traded price of the stock was Rs 586 on Thursday.

The board of directors meeting of the company held on May 29 decided to close the book on the day.

The company will issue 110 million units of right shares at a ratio of 1:1. The company has appointed Global IME Capital as its issue manager.

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