Kathmandu. The last date to apply for the right shares of Buddhabhumi Nepal Hydropower Company is May 12.
The company had started issuing right shares to its shareholders on April 22. Applications for this right issue can be submitted till the banking session today.
The company had received permission from the Securities Board of Nepal (SEBON) to issue 100 percent right shares in the ratio of 1:1 of the existing paid-up capital of Rs 400 million. Accordingly, the company has issued a total of 4 million units of right shares of face value of Rs 100.
Investors can apply for these right shares from ASBA approved banks and financial institutions and their designated branches as well as CDSC’s Mero shares.
Only the shareholders who have already signed the shares till February 29 can apply for the right shares. NIC ASIA Capital has been appointed as the issue manager for the IPO issuance.
