Himalayan Power Partner Limited (HPPL) has issued a letter of invitation for the allotment of its 50% rights shares.
As stated in the letter released by the organization, the window for applications for its rights shares will be open at a ratio of 1:0.50, or 50%, from 17th Baishakh, 2083, until 6th Jestha, 2083.
The firm will offer 50% rights shares valued at Rs. 53.27 crores, comprising 15,981,255 (1:0.50) units, to its current shareholders. The organization’s paid-up capital stands at Rs. 1.06 Arba. Following the inclusion of the proposed rights share, which totals 15,981,255 units, the paid-up capital is expected to rise to Rs. 1.59 Arba.
Global IME Capital Limited has been designated as the issue manager.
The book closure date is set for 10th Chaitra, 2082. Therefore, investors who owned shares prior to that date are eligible to apply for these shares.
