Last Day to Be Eligible for 1: 2 Rights Offering of Ghalemdi Hydro (GHL)

Today is the last day to be eligible for the rights offering of Ghalemdi Hydro Limited (GHL).

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.

The book closure date is on Kartik 03, 2080. Thus, the shareholders maintained till today are eligible for the rights offering. The last traded price as of yesterday stood at Rs 175 per share