Balephi Hydropower Limited Closing Issue of 1: 1 Right Shares from Today
Wed, Jan 1, 2025 7:51 AM on Latest, Dividend, Bonus & Rights,
Balephi Hydropower Limited (BHL) is closing the issue of a 1:1 ratio of right share to its shareholders at a par value of Rs. 100 from today i.e. on 17th Poush, 2081. The issue opened on 27th Mangsir, 2081.
The company will issue 100% right shares worth Rs. 1.82 Arba through the issue of 1,82,79,700 (1: 1) units of right shares to its existing shareholders. The current paid-up capital is Rs. 1.82 Arba. After the adjustment of the proposed right share, i.e. 1,82,79,700 units, the company's paid-up capital will increase to Rs. 3.64 Arba.
According to the CDSC, a total of 50,438 applicants applied for 20,20,819 units of right shares, equivalent to Rs. 20.20 crore. Despite this substantial interest from the applicants, the issue was only subscribed to 11.05% of its total offering.
NIMB Ace Capital Limited has been appointed as the issue manager for this right issue.
The book closure date was 21st Kartik. Thus, shareholders maintained before that day are eligible for the rights offering.
