Joshi Hydropower Development Company Limited has opened its rights share issue for subscription starting today (Shrawan 15). The company is issuing rights shares equivalent to 65% of its paid-up capital.
Investors eligible for the rights offering had to hold shares until Asar 5, as the book closure date was set on Asar 8. Applications for the rights shares can be submitted until Bhadra 4.
The Securities Board of Nepal (SEBON) had granted approval for the rights issue on Jestha 26. Following the approval, the company is now set to issue 2,414,101 units of rights shares worth NPR 241.41 million.
Laxmi Capital Market Limited has been appointed as the issue manager for the rights offering.
