Final Two Days Remaining to Apply for 1: 2 Right Shares of Ghalemdi Hydro Limited
Fri, Dec 29, 2023 12:18 PM on Latest, Dividend, Bonus & Rights,
Ghalemdi Hydro Limited (GHL) is closing its 1: 2 ratio right shares to its shareholders from 16th Poush.
The issue opened on the 10th of Mangsir and will close on the 16th of Poush, 2080, at the end of banking hours.
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.
