Today is the last day to apply for shares under Shivashree Hydropower’s rights issue. The company opened its rights offering on Bhadra 19, allowing existing shareholders to buy new shares at a 1:1 ratio. This means every shareholder can buy one new share for every share they already own, each priced at Rs 100.
Only investors who held Shivashree shares till Shrawan 15 are eligible, as the company closed its book on Shrawan 16 for the purpose of this rights issue.
Applications can be submitted through Citizens Capital, the issue manager, or at several branches of Citizens Bank including Kumaripati, Thimi, Biratnagar, Biratmod, Birgunj, Surkhet, Janakpur, Narayangadh, Dhangadhi, Pokhara (New Road), Butwal, and Hetauda.
Investors can also apply online through the ‘Mero Share’ portal or via any C-ASBA approved bank or financial institution.
The Nepal Securities Board had approved this rights issue on Shrawan 4. Citizens Capital Limited is handling the issuance and sales management for the company.
