Deadline Extended for 1: 2 Rights Offering of Ghalemdi Hydro Limited
Sun, Dec 17, 2023 11:57 AM on Latest, Dividend, Bonus & Rights,
Ghalemdi Hydro Limited (GHL) has extended its rights offering deadline. The company opened its rights offering on 10th Mangsir, 2080. The issue was supposed to close on today i.e. on 1st Poush but as per the notice, the rights offering will now conclude on 16th Poush, 2080.
The hydropower company has been issuing 200% right shares worth Rs. 1.1 Arba through the issue of 11,000,000 units of right shares to its existing shareholders. The company proposed to issue 200% right shares so that it could invest at least 51% shares in the Chujung Khola hydropower project (63 M.W. PRoR) in Sankhuwasabha promoted by Shangrila Urja Pvt. Ltd.
The current paid-up capital of Rs. 55 Crores. After the adjustment of the proposed right share i.e. 1.10 crore units, the paid-up capital of the company will increase to Rs. 1.65 Arba.
Muktinath Capital Limited is appointed as the issue manager for this right issue.
The book closure date was on Kartik 03. Thus, shareholders maintained before that day are entitled to apply for the rights offering.
