Barun Hydropower Company Limited (BARUN) has released a letter of offer for the allocation of its 100% rights shares.
As stated in the offer letter disclosed by the company, it is scheduled to commence applications for its rights shares in a ratio of 1:1 or 100% from the 31st of Ashad to the 19th of Shrawan, year 2082.
The company plans to issue 100% rights shares valued at Rs. 53.58 Crores through the issuance of 53,58,150 (1:1) units of rights shares to its current shareholders. The existing paid-up capital stands at Rs. 53.58 Crores. Following the distribution of the proposed rights shares, specifically 53,58,150 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.
The book closure date is set for the 22nd of Jestha, year 2082. Therefore, investors who hold shares prior to that date are eligible to apply for the shares.
