Himalayan Power Partner Limited Unveils Book Closure Date for 50% Rights Offering

Himalayan Power Partner Limited (HPPL) has unveiled the book closure date for its 50% right shares on 10th Chaitra, 2082. Thus, shareholders who held their shares before Chaitra 09 are eligible for the rights offering.

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.

Global IME Capital Limited is appointed as the issue manager.

As of writing, HPPL closed at Rs. 516.00.