Joshi Hydropower Development Company Limited (JOSHI) has announced a proposal for the issuance of its 65% rights shares.
As stated in the published proposal, the company plans to commence applications for its rights shares at a ratio of 1:0.65 or 65% from the 15th of Shrawan to the 4th of Bhadra, 2082.
The firm will be offering 65% rights shares worth Rs. 24.14 Crores through the allocation of 2,414,100 (1: 0.65) units of rights shares to its current shareholders. The existing paid-up capital stands at Rs. 37.14 Crores. Following the incorporation of the proposed rights shares, i.e., 2,414,100 units, the company’s paid-up capital is set to rise to Rs. 62.28 crores.
Laxmi Capital Market Limited has been designated as the issue manager.
The book closure date is Ashadh 07, 2082. Therefore, investors who held shares before that date are eligible to apply for the shares.
