Offer Letter Published for "Ngadi Group Power Limited"; Right Shares Issue Opens from Poush 23

Ngadi Group Power Limited (NGPL) 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 of 1:1 or 100% from 23rd Poush to 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 paid-up capital of the company will increase to Rs. 3.7 Arba.

Siddhartha Capital Limited is appointed as the issue manager.

18th Mangsir was the book closure date. Thus, investors maintained before that day are eligible to apply for the shares.

Offer Letter: