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Himalayan Power Partner Limited (HPPL) has announced the date for book closure regarding its 50% rights shares on the 10th of Chaitra, 2082. Consequently, shareholders who owned their shares prior to Chaitra 09 are entitled to participate in the rights offering.
The company will distribute 50% rights shares valued at Rs. 53.27 crores, consisting of 15,981,255 (1:0.50) units, to its prevailing shareholders.
The organization’s paid-up capital stands at Rs. 1.06 Arba. Following the inclusion of the proposed rights shares, i.e., 15,981,255 units, the paid-up capital will rise to Rs. 1.59 Arba.
Global IME Capital Limited has been designated as the issue manager.
At the time of this report, HPPL’s share price concluded at Rs. 516.00.
