Barun Hydropower Company Limited Unveils Book Closure Date for 100% Rights Offering

Barun Hydropower Company Limited (BARUN) has unveiled the book closure date for its 100% right shares on 22nd Jestha, 2082. Thus, shareholders who held their shares before Jestha 21 are eligible for the rights offering.

The company will be issuing 100% right shares worth Rs. 53.58 Crores through the issue of 5,358,150 (1: 1) units of right shares to its existing shareholders. The current paid-up capital is Rs. 53.58 Crores. After the adjustment of the proposed right share, i.e., 5,358,150 units, the company's paid-up capital will increase to Rs. 1.07 Arba.

RBB Merchant Banking Limited is appointed as the issue manager.

As of writing, BARUN closed at Rs. 510.59.