Chhyangdi Hydropower Company Limited (CHL) is launching a 1:1 ratio of rights shares for its shareholders at a nominal value of Rs. 100 starting today, i.e., from 23rd Jestha, 2082 to 12th Ashad, 2082.
The company will be offering 100% rights shares totaling Rs. 38.69 Crore through the distribution of 3,869,775 (1:1) units of rights shares to its current shareholders. The present paid-up capital stands at Rs. 38.69 Crores. Following the addition of the proposed rights shares, i.e., 3,869,775 units, the paid-up capital of the company will rise to Rs. 77.39 Crore.
Global IME Capital Limited has been designated as the issue manager.
The book closure date was set for 2nd Jestha, 2082. Therefore, shareholders registered before that date are entitled to the rights offering.
