The company is closing its book for the upcoming right issue on July 10, thus, the shareholders registered in its book till July 9 will be eligible to appy for the right shares.
The company is issuing 1:1 right shares of its paid-up capital worth Rs 1.85 billion. Accordingly, it will issue 18,552,105 units of shares. After the right issue, its paid-up capital will reach Rs 3.71 billion.
The company is operating 25 MW Kabeli B 1 Hydropower Project in Kabeli River situated between Panchthar and Taplejung District.
The company has appointed Nabil Investment Banking as issue manager.
