Barun Hydropower to issue right shares from August 22

Aug 03, 2022 08:58 AM Merolagani

Barun Hydropower (BARUN) is set to issue right shares from August 22. The company is issuing 1:1 right shares to its existing shareholders.

The company is issuing 2,679,075 units of right shares worth Rs 267.9 million.

In this regard, the company had closed its book on July 18, thus, the shareholders registered in its book till July 17 will be eligible to apply for the right shares.

The company has appointed RBB           Merchant Banking as its issue manager. The interested existing shareholders can apply for the right shares through RBB Merchant and various branches of Rastriya Banijya Bank. Moreover, they can apply from ASBA approved BFIs and meroshare software.

Care Ratings has assigned BB+ rating to the issue indicating moderate risks.

Presently, the company has a paid-up capital of Rs 267.9 million that will reach Rs 535.8 million after the right issue.




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