Kathmandu. Himalayan Power Partners has set the date for book closure for the right share issuance.
The meeting of the Board of Directors of the company held this morning has decided to close the book on March 10 to issue the right shares. This means that only shareholders who have remained in the company as of March 9 will be eligible to apply for the right shares.
The company has received permission from the Securities Board of Nepal (SEBON) to issue 50 percent right shares at the ratio of 1:0.5 of its current paid-up capital of Rs 1,065.417. The company will now issue 53,27,08,500 right shares to its shareholders.
Accordingly, the company will issue a total of 5,327,085 units of shares at face value of Rs 100. After the issuance of the right shares, the paid-up capital of the company will stand at Rs 1,59,81,25,500.
Global IME Capital has been appointed as the issue manager for the right issue of Himalayan Power Partners.
