Barun Hydropower Company Limited is set to issue 100 percent rights shares starting from Asar 31. the company plans to offer 5,358,150 rights shares in a 1:1 ratio to its existing shareholders.
Each share is priced at a face value of Rs 100, making the total issue worth Rs 53.58 crore. the company had closed its books on Jestha 22, meaning only shareholders recorded by Jestha 21 are eligible to apply.
Eligible investors can apply for the rights shares until Shrawan 19. RBB Merchant Banking Limited is managing the issue. applications can be submitted through designated branches of RBB Merchant Banking, Rastriya Banijya Bank, ASBA-approved banks and financial institutions, or through the Mero Share platform.
Paid-up capital to double after issue
Currently, Barun Hydropower’s paid-up capital stands at Rs 53.58 crore. after the rights share issue, it will rise to Rs 1.07 billion.
