The company was previously set to issue 100 percent right shares from August 25 to September 14. However, it is now issuing the right shares from August 28-September 17.
The company closed its book for the upcoming right issue on July 10, thus, the shareholders registered in its book till July 9 are eligible to apply 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.
ICRA Nepal has assigned BBB- rating to the issuer indicating moderate risks.
The company has appointed Nabil Investment Banking as issue manager.
The interested existing shareholders of the company can apply from Nabil Investment Banking, Arun Kabeli Power and designated branches of Himalayan Bank and Nabil Bank. They can apply from all C-ASBA approved BFIs and Meroshare.
The company is operating 25 MW Kabeli B 1 Hydropower Project in Kabeli River situated between Panchthar and Taplejung District.
