Today marks the final trading opportunity in NEPSE for investors to qualify for the entitlement of right shares from Joshi Hydropower Development Company Limited (JOSHI).
The firm is set to release 65% right shares amounting to Rs. 24.14 Crores through the issuance of 2,414,100 (1: 0.65) units of right shares to its present shareholders. Currently, the paid-up capital stands at Rs. 37.14 Crores. Following the incorporation of the proposed right shares, i.e., 2,414,100 units, the paid-up capital of the company will soar to Rs. 62.28 Crores.
Laxmi Capital Market Limited has been designated as the issue manager.
The closure of the book will occur on 8th Ashadh, 2082. Therefore, investors who possess shares prior to that date may proceed with their applications.
