Last Day to Apply for 200% Right Shares of Ghalemdi Hydro Limited
Mon, Jan 1, 2024 7:20 AM on Latest, Dividend, Bonus & Rights,
Ghalemdi Hydro Limited (GHL) is closing its 1: 2 ratio right shares to its shareholders from today.
The issue opened on the 10th of Mangsir and will close today i.e. 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. According to the issue manager, 27,724 applicants have applied for a total of 63,37,675 units. Thus, the issue has been subscribed by 57.62% till 10 AM this morning.
