Offer Letter Published for 'Radhi Bidyut Company’; Right Shares Issue Opens from Ashwin 5, 2079

Radhi Bidyut Company Limited (RADHI) has published an offer letter inviting applications to issue a 1: 1.4752 ratio of 95,35,760.99 units right share to its shareholders at a par value of Rs. 100 out of its paid-up value of Rs 64.64 crores. 

Likewise, the share capital will increase to Rs. Rs 160 Crore after the adjustment of the right shares.

The opening date of the issue is 5th Ashwin and the closing date is 25th Ashwin, 2079. (Office hours)

Following the approval from Electricity Commission, the company placed the application to the Securities Exchange Board of Nepal (SEBON) for the right issue, and on 9th Shrawan, 2079 SEBON approved the rights issue of 1: 1.4752.

Muktinath Capital Limited has been appointed the issue manager of this right share.

Previously, the company had unveiled the book closure date for its rights offering. The book closure date was Bhadra 12, 2079. Thus, shareholders maintained before that day are entitled to apply for the rights offering when the company issues it.

Official Notice