Right Alert! Issue of 1: 2 Right Shares of Ghalemdi Hydropower Opening from Today
Sun, Nov 26, 2023 7:36 AM on Dividend, Bonus & Rights, Latest,
Ghalemdi Hydro Limited (GHL) is opening the issue of a 1:2 ratio of right share to its shareholders at a par value of Rs. 100 from today i.e. on 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 on Kartik 03. Thus, shareholders maintained before that day are entitled to apply for the rights offering.
