Ngadi Group Power Limited Closing Issue of 1: 1 Right Shares from Today
Tue, Feb 11, 2025 10:29 AM on Latest, Dividend, Bonus & Rights,
Ngadi Group Power Limited (NGPL) 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 29th Magh, 2081. The issue opened on 14th Magh, 2081.
The company will be issuing 100% right shares worth Rs. 1.85 Arba through the issue of 18,512,792 (1: 1) units of right shares to its existing shareholders. The current paid-up capital of Rs. 1.85 Arba. After the adjustment of the proposed right share i.e. 1.85 crore units, the company's paid-up capital will increase to Rs. 3.7 Arba.
According to the CDSC, a total of 46,826 applicants applied for 1,23,70,385 units of right shares, equivalent to Rs. 1.23 Arba. Despite this substantial interest from the applicants, the issue was only subscribed to 66.82% of its total offering.
Siddhartha Capital Limited has been appointed as the issue manager for this right issue.
The book closure date was 18th Mangsir. Thus, shareholders maintained before that day are eligible for the rights offering.
