Ridi Power Company Limited Unveils Book Closure Date for 50% Rights Offering
Mon, Jan 29, 2024 10:35 AM on Latest, Dividend, Bonus & Rights, Book Closure,
Ridi Power Company Limited (RIDI) has unveiled the book closure date for its 50% right shares on 22nd Magh, 2080. Thus, the shareholders maintained till Magh 21 are eligible for the rights offering.
The company will be issuing 50% right shares worth Rs. 77.44 Crores through the issue of 7,744,506 (1: 0.50) units of right shares to its existing shareholders. The current paid-up capital of Rs. 1.54 Arba. After the adjustment of the proposed right share i.e. 77.44 lakhs units, the paid-up capital of the company will increase to Rs. 2.32 Arba.
Muktinath Capital Limited is appointed as the issue manager.
As of writing, RIDI has an LTP of Rs. 292.00.
