Offer Letter Published for 'Ghalemdi Hydro’; Right Shares Issue Opens from Mangsir 10
Wed, Nov 8, 2023 7:27 AM on Dividend, Bonus & Rights, Latest,
Ghalemdi Hydro Limited has published an offer letter for the issuance of its 200% rights shares.
According to the offer letter made public by the company, it is set to open applications for its right shares in the ratio 1:2 or 200% from 10th Mangsir to 1st Poush, 2080.
The hydropower company will be 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.
The book closure date was scheduled on Kartik 03. Thus, the shareholders maintained until the same are deemed eligible for the rights offering.
