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Himalayan Power Partner Limited (HPPL) is commencing the release of its 50% rights shares starting today, specifically on 17th Baishakh, 2083, through to 6th Jestha, 2083.
The firm will distribute 50% rights shares valued at Rs. 53.27 crores, which includes 15,981,255 (1:0.50) units, to its current shareholders. The company’s paid-up capital stands at Rs. 1.06 Arba. Following the allocation of the proposed rights share, namely, 15,981,255 units, the company’s paid-up capital is set to rise to Rs. 1.59 Arba.
Global IME Capital Limited has been designated as the issue manager.
The book closure date is 10th Chaitra, 2082. Therefore, investors who owned shares prior to that date may apply for them.
