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Barun Hydropower Company Limited (BARUN) has announced the book closure date for its 100% rights share issuance on 22nd Jestha, 2082. Therefore, shareholders who possessed their shares before Jestha 21 are entitled to the rights offering.
The company is set to release 100% rights shares valued at Rs. 53.58 Crores through the distribution of 5,358,150 (1: 1) units of rights shares to its current shareholders. The existing paid-up capital stands at Rs. 53.58 Crores. Following the allocation of the proposed rights shares, i.e., 5,358,150 units, the company’s paid-up capital will rise to Rs. 1.07 Arba.
RBB Merchant Banking Limited has been designated as the issue manager.
As of the moment of writing, BARUN concluded at Rs. 510.59.
