Chhyangdi Hydropower Limited has extended the deadline to apply for its 1:1 right share offering. Investors now have time until Asar 27, 2082 to submit their applications. The earlier deadline was Asar 12, but due to low application volume, the company decided to extend the period.
The right shares were first opened on Jestha 23, with a total of 38,69,775 units offered at a face value of NPR 100 per share. This means the offering is worth NPR 38.69 crore, and it’s open to existing shareholders in the same quantity they already hold.
Where to Apply?
Applications can be submitted through Global IME Capital, Naxal, which is the issue manager. You can also apply via designated branches of Global IME Bank, and other banks or financial institutions that have ASBA approval from the Securities Board. Investors using Mero Share can conveniently apply online as well.
Currently, Chhyangdi Hydropower‘s paid-up capital stands at NPR 38.69 crore, and after this rights issue, it will double to NPR 77.39 crore. This move is expected to strengthen the company’s financial base for upcoming projects and expansions.
