Gentle Reminder!Ngadi Group Power is Closing 150% Right Issue from Today; Eligible Investors are Requested to Apply
Tue, Aug 23, 2022 10:30 AM on Latest, Dividend, Bonus & Rights,
Ngadi Group Power Limited (NGPL) is closing the issue of its ongoing 150% right shares from today i.e. Bhadra 07, 2079. This issue was open from 18th Shrawan. Therefore all the eligible investors are requested to apply the right shares before banking hour today.
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.
Siddhartha Capital has been appointed as the issue manager for the issue.
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).
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.
