Offer Letter Published for "Himalaya Urja Bikas Company"; Right Shares Issue Opens from Shrawan 24
Sun, Jul 21, 2024 7:47 AM on Latest, Dividend, Bonus & Rights, Book Closure,
Himalaya Urja Bikas Company Limited (HURJA) has published an offer letter for the issuance of its 100% 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 1:1 or 100% from 24th Shrawan to 12th Bhadra, 2081.
The company will be 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 paid-up capital of the company will increase to Rs. 1.98 Arba.
Nabil Investment Banking Limited is appointed as the issue manager.
20th Ashadh is the book closure date. Thus, investors maintained before that day are eligible to apply for the shares.
