Dordi Khola Hydropower Company Appoints Sanima Capital As Issue Manager for 1: 1 Rights Offering

Dordi Khola Hydropower Company Limited (DORDI) has appointed Sanima Capital Limited as the exclusive issue manager for its upcoming 1:1 ratio rights issue, as per a notice released by the Nepal Stock Exchange (NEPSE).

In this impending rights issue, the hydropower company is set to issue 10,542,604 (1:1) units of right shares, amounting to 100% of its existing shares, to its current shareholders. With a current paid-up capital of Rs. 1.05 Arba, the proposed right share issuance will significantly augment the company's financial structure, propelling the paid-up capital to Rs. 2.11 Arba after the adjustment of 1.05 crores units.

However, it's pertinent to note that the execution of this plan is contingent upon securing the requisite approval from the Securities Board of Nepal (SEBON). Once the green light is received from SEBON, DORDI will proceed with the issuance of the right shares.