Today is the last day to apply for the right shares of Joshi Hydropower Limited. The company started issuing the shares on Shrawan 15 and is offering 24,14,100 units at a par value of Rs.100 each. This issue is in the ratio of 1:0.65, equal to 65% of the company’s current paid-up capital of Rs.371.4 million.
For this purpose, the company had announced a book closure on Ashadh 8. Only shareholders listed in NEPSE before Ashadh 7 are eligible to apply.
The issue is managed by Laxmi Sunrise Capital Limited. Investors can apply through the capital’s office in Kathmandu, Joshi Hydropower’s office, or Laxmi Sunrise Bank’s Ilam branch. Applications are also available through C-ASBA member banks and financial institutions, as well as via Mero Share.
Care Ratings Nepal has given the company a CARE-NP B (IS) rating, indicating high risk in meeting financial obligations on time.
