Final Two Days Remaining to Apply for 1: 1.5 Right Shares of Ngadi Group Power

Ngadi Group Power Limited (NGPL) is closing its 1: 1.5 ratio right shares to its shareholders tomorrow.

The issue opened on 18th Shrawan and will close on 7th Bhadra, 2079 (tomorrow), at the end of banking hours.

In the rights offering of 1: 1.5 ratio, a total of 1,06,03,986 units of right shares is open to eligible shareholders. Ashad 20 was the book closure date. Thus, shareholders maintained before that day are eligible to apply for the rights offering.

The existing paid up capital of company is Rs. 70.69 crore and after the issue and allotment of 150% right shares, the company will have a total paid-up capital of Rs 1,76,73,31,000. Siddhartha Capital has been appointed the issue manager.

CARE Ratings Nepal Limited (CRNL) has assigned the rating of ‘CARE-NP BB+’ to the long-term bank facilities and ‘CARE-NP A4+’ to the short-term bank facilities of Ngadi Group Power Limited (NGPL).

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