Rapti Hydro & General Construction Limited (RHGCL) has postponed the closing date for its current rights issue. Originally launched on 1st Ashadh, 2082, the offering was expected to wrap up on 22nd Ashadh, 2082. Nonetheless, according to the most recent announcement, the rights issue will now be open until 24th Ashadh, 2082.
The company plans to distribute 100% rights shares valued at Rs. 61.27 Crores by issuing 6,127,938 (1: 1) units of rights shares to its current shareholders. The existing paid-up capital stands at Rs. 61.27 Crores. Following the adjustment for the proposed rights shares, namely 6,127,938 units, the company’s paid-up capital is set to rise to Rs. 1.22 Arba.
As reported by the CDSC, 66,511 applicants expressed interest in acquiring 18,75,150 units of rights shares, which equates to Rs. 18.75 crores. This information is current as of 5 pm yesterday.
Muktinath Capital Limited has been appointed as the manager for this issue.
The book closure date was 6th Jestha, 2082. Consequently, shareholders recorded prior to that date are eligible for the rights issue.
