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The Securities Board of Nepal (SEBON) has given the green light to the rights offering initiative of Joshi Hydropower Development Company Limited (JOSHI).
The firm will be launching 65% rights shares valued at Rs. 24.14 Crores by issuing 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 inclusion of the proposed rights shares, specifically 2,414,100 units, the company’s paid-up capital will rise to Rs. 62.28 crores.
Laxmi Capital Market Limited has been designated as the issue manager.
At the time of this writing, JOSHI had closed at Rs. 395.44.
