Barun Hydropower Company Unveils Book Closure for 1:1 Rights Offering

Barun Hydropower Company Limited (BARUN) has unveiled the book closure date for its rights offering. Shrawan 02 is the book closure date. Thus, shareholders maintained before that day are entitled to apply for the rights offering when the company issues it.

The 18th AGM of the company held on 29th Poush, 2078 had endorsed the proposal of 1:1 rights offering on the paid-up capital maintained after the adjustment of bonus shares. The paid-up capital after bonus adjustment is Rs. 26.79 crores. Thus, a total of 26,79,075 shares will be issued, which is 100 percent of the existing paid-up capital.

The proposal was recently approved by the Securities Board of Nepal (SEBON) on 15th Ashad. The current paid-up capital of the company stands at Rs. 26.79 Crore which will increase to Rs. 53.58 Crore after the adjustment of the right shares.

RBB Merchant Banking Limited has been appointed the issue manager of this right share. As of writing, the LTP of BARUN is Rs. 462.

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