Himalayan Power Partner Limited Closing Issue of 1: 0.50 Right Shares from Today

Himalayan Power Partner Limited (HPPL) is closing its rights offering today. Initially opened on 17th Baishakh, 2083, the issue will close today, i.e. from 6th Jestha, 2083.

The company will issue 50% right shares worth Rs. 53.27 crores, comprising 15,981,255 (1:0.50) units, to its existing shareholders. The company's paid-up capital is Rs. 1.06 Arba. After the adjustment of the proposed right share, i.e., 15,981,255 units, the company's paid-up capital will increase to Rs. 1.59 Arba.

According to the CDSC, 45,234 applicants applied for 30,15,446 units of right shares, equivalent to Rs. 30.15 crores.

Global IME Capital Limited is appointed as the issue manager.

The book closure date is 10th Chaitra, 2082. Thus, investors who held shares before that day can apply for them.