Last Day to Be Eligible for 1:1 Rights Offering of Barun Hydropower Company

Today is the last day to be eligible for rights offering of Barun Hydropower Company Limited (BARUN).

The 18th AGM of the company held on 29th Poush, 2078 had endorsed the proposal of 1:1 rights offering on the paid-up capital maintained after the adjustment of bonus shares. The paid-up capital after bonus adjustment is Rs. 26.79 crores. Thus, a total of 26,79,075 shares will be issued, which is 100 percent of the existing paid-up capital.

The proposal was recently approved by the Securities Board of Nepal (SEBON) on 15th Ashad. The current paid-up capital of the company stands at Rs. 26.79 Crore which will increase to Rs. 53.58 Crore after the adjustment of the right shares.

Shrawan 02 is the book closure date. Since today is the last trading day before the book closure, shareholders maintained till today are eligible to apply for the right shares.

RBB Merchant Banking Limited is appointed the issue manager. As of writing, the company has an LTP of Rs. 440.