Deadline Extended for 1: 1 Right Offering of Khani Khola Hydropower Company Limited

Khani Khola Hydropower Company Limited (KKHC) has extended the deadline for its ongoing rights offering. Initially opened on 3rd Bhadra, 2082, the issue was scheduled to close on today i.e. on 23rd Bhadra, 2082. However, as per the latest notice, the rights offering will now remain open until 31st Bhadra, 2082.

The company will be issuing 100% right shares worth Rs. 46.57 Crores through the issue of 4,657,143 (1: 1) units of right shares to its existing shareholders. The current paid-up capital of the company is Rs. 46.57 Crore. After the adjustment of the proposed right share, the paid-up capital of the company will increase to Rs. 93.14 Crore.

According to the CDSC, 20,944 applicants applied for 20,78,232 units of right shares, equivalent to Rs. 20.78 crores.

Citizens Capital Limited is appointed as the issue manager.

The book closure date is Ashadh 27, 2082. Thus, investors who maintained before that day can apply for the shares.