Today, Ashadh 26, is the final day for existing shareholders of Khani Khola Hydropower Company Limited to secure their 100% rights issue shares. The company will close its books on Ashadh 27, which means only shareholders recorded by the end of today are eligible to subscribe.
The Nepal Securities Board has approved Khani Khola Hydropower to issue 4,657,143 rights shares at a 1:1 ratio. Citizens Capital is managing the sale of these shares. The funds raised through this rights issue will be used primarily to repay the company’s bank loans.
Currently, Khani Khola Hydropower has a paid-up capital of NPR 46.57 crore. After completing the 100% rights issue, the company’s capital will increase to NPR 93.14 crore, effectively doubling its equity base.
