The company is closing its book on October 20 for the upcoming right issue, thus, the shareholders registered in its book till October 19 will be eligible to apply for the right shares.
The company is issuing 11 million units right shares at a face value of Rs 100. It has appointed Muktinath Capital as issue manager.
As per the company, it is issuing the right shares in a bid to maintain at least 51 percent ownership in Chujung Khola Jalvidhyut Project being developed in Sankhuwasabha by Sangrila Urja Pvt. Ltd.
