Deadline Extended for 1: 0.65 Right Offering of Joshi Hydropower Development Company Limited

Joshi Hydropower Development Company Limited (JOSHI) has extended the deadline for its ongoing rights offering. Initially opened on 15th Shrawan, 2082, the issue was scheduled to close on 4th Bhadra, 2082. However, as per the latest notice, the rights offering will now remain open until 19th Bhadra, 2082.

The company will be issuing 65% right shares worth Rs. 24.14 Crores through the issue of 2,414,100 (1: 0.65) units of right shares to its existing shareholders. The current paid-up capital is Rs. 37.14 Crores. After the adjustment of the proposed right share, i.e., 2,414,100 units, the company's paid-up capital will increase to Rs. 62.28 crores.

According to the CDSC, 27,902 applicants applied for 39,07,167 units of right shares, equivalent to Rs. 39.07 crores.

Laxmi Capital Market Limited is appointed as the issue manager.

Ashadh 07, 2082 was the book closure date. Thus, investors who maintained before that day can apply for the shares.