1: 1.4752 Rights Offering of Radhi Bidyut Company Closing Today

Radhi Bidyut Company Limited (RADHI) is closing the issue of its ongoing 1: 1.4752 ratio right shares from today i.e. 25th Ashwin, 2079. This issue was open from 5th Ashwin, 2079. Therefore all the eligible investors are requested to apply the right shares before banking hour today.

In the rights offering of 1: 1.4752 ratio, a total of 95,35,760.99 units of right shares is open to eligible shareholders at a par value of Rs. 100 out of its paid-up value of Rs 64.64 crores. Bhadra 12 was the book closure date. Thus, shareholders maintained before that day are eligible to apply for the rights offering.

Likewise, the share capital will increase to Rs 160 Crore after the adjustment of the right shares. Muktinath Capital Limited is appointed as the issue manager of this right share.

ICRA Nepal has assigned an issuer rating of [ICRANP-IR] BBB- (pronounced ICRA NP Issuer Rating Triple B minus) to Radhi Bidyut Company Limited (RADHI), indicating a moderate degree of safety in the timely servicing of financial obligations with a moderate credit risk.

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