Ghalemdi Hydro Limited (GHL) Unveils Book Closure Date for 200% Rights Offering
Mon, Oct 9, 2023 10:15 AM on Dividend, Bonus & Rights, Book Closure, Latest,
Ghalemdi Hydro Limited (GHL) has unveiled the book closure date for its 200% right shares on 3rd Kartik, 2080. Thus, the shareholders maintained till Kartik 02 are eligible for the rights offering.
The company will be issuing 200% right shares worth Rs. 1.10 Arba through the issue of 11,000,000 (1: 2) units of right shares to its existing shareholders. The company proposed to issue 200% right shares so that the company 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 is appointed as the issue manager.
GHL closed at Rs. 210 yesterday.
