Khani khola Hydropower Company Limited has extended the application deadline for its rights shares. The company had opened its 100% rights issue (1:1 ratio) from Bhadra 3, offering 4,657,143 units at a par value of Rs. 100 each, worth Rs. 465.71 million.
Earlier, investors could apply until Bhadra 23. However, as the demand was lower than expected, the deadline has been extended until Bhadra 31.
For this rights issue, the company had announced a book closure on Ashad 27. Therefore, only shareholders who held shares till Ashad 26 are eligible to apply.
Citizens Capital Limited is the issue and sales manager. Applications can be submitted through Citizens Capital, select branches of Citizens Bank (Kumaripati, Thimi, Biratnagar, Birtamode, Birgunj, Surkhet, Narayangadh, Dhangadhi, Pokhara-New Road, Butwal, and Hetauda), Kumari Bank’s Bagmati branch (Lalitpur), and all ASBA member banks and financial institutions. Eligible investors can also apply via the ‘Mero Share’ online platform.
The company had received approval for the rights issue from the Securities Board of Nepal (SEBON) on Ashad 10.
