Right Alert! Issue of 1:0.50 Right Shares of Himalayan Power Partner Limited Opening from Today

Himalayan Power Partner Limited (HPPL) is opening the issuance of its 50% rights shares from today, i.e., on 17th Baishakh, 2083, to 6th Jestha, 2083.

The company will issue 50% right shares worth Rs. 53.27 crores, comprising 15,981,255 (1:0.50) units, to its existing shareholders. The company's paid-up capital is Rs. 1.06 Arba. After the adjustment of the proposed right share, i.e., 15,981,255 units, the company's paid-up capital will increase to Rs. 1.59 Arba.

Global IME Capital Limited is appointed as the issue manager.

The book closure date is 10th Chaitra, 2082. Thus, investors who held shares before that day can apply for them.