Right Alert! Issue of 1:1 Right Shares of Balephi Hydropower Limited Opening from Today

Balephi Hydropower Limited (BHL) is opening the issue of a 1:1 ratio of right share to its shareholders at a par value of Rs. 100 from today i.e. on 27th Mangsir to 17th Poush, 2081.

The company will issue 100% right shares worth Rs. 1.82 Arba through the issue of 36,559,400 (1: 1) units of right shares to its existing shareholders. The current paid-up capital is Rs. 1.82 Arba. After the adjustment of the proposed right share, i.e. 36,559,400 units, the company's paid-up capital will increase to Rs. 3.64 Arba.

NIMB Ace Capital Limited has been appointed as the issue manager for this right issue.

The book closure date was 21st Kartik. Thus, shareholders maintained before that day are eligible for the rights offering.