Kathmandu. Rapti Hydro and General Construction has received permission from the Securities Board of Nepal to issue right shares.
The company has got permission to issue 100 percent right shares in the ratio of 1:1 of the current paid-up capital. The company will now issue right shares worth Rs 612.79 million to its shareholders. Accordingly, the company will sell a total of 6,127,983 units of right shares at a face value of Rs 100 each.
The Securities Board of Nepal has given permission to Issue Right Shares to Rapti Hydro on May 15. Muktinath Capital is the right share sale manager of the company.
After the right sale, the paid-up capital of the company will reach Rs 1.22 billion.
