Himalaya Urja Bikas Company Closing Issue of 1: 1 Right Shares from Today
Wed, Aug 28, 2024 8:08 AM on Dividend, Bonus & Rights, Latest,
Himalaya Urja Bikas Company Limited (HURJA) 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 12th Bhadra, 2081. The issue opened on 24th Shrawan, 2081.
The company is issuing 100% right shares worth Rs. 99 crore through the issue of 9,900,000 (1: 1) units of right shares to its existing shareholders. The current paid-up capital of Rs. 99 Crore. After the adjustment of the proposed right share i.e. 99 lakh units, the company's paid-up capital will increase to Rs. 1.98 Arba.
According to the CDSC, a total of 28,665 applicants applied for 41,96,537 units of right shares, equivalent to Rs. 41.96 crore. Despite this substantial interest from the applicants, the issue was only subscribed to 42.38% of its total offering as of 5 PM Yesterday.
Nabil Investment Banking Limited is appointed as the issue manager for this right issue.
The book closure date was scheduled on Ashadh 20, 2081. Thus, the shareholders maintained until the same are deemed eligible for the rights offering.
