National Hydro Power Company (NHPC) Unveils Book Closure Date for 50% Rights Offering

National Hydro Power Company Limited (NHPC) has unveiled the book closure date for its 50% right shares on Ashad 01, 2080. Thus, the shareholders maintained before that are eligible for the rights offering.

The hydropower company will be issuing 50% right shares worth Rs. 82.21 Crores through the issue of 8,221,459.7178 (10: 5) units of right shares to its existing shareholders. The current paid-up capital is at Rs. 1.64 Arba which will increase to Rs. 2.46 Arba after the proposed issue. Muktinath Capital is appointed as the issue manager.

As of writing, NHPC has an LTP of Rs. 227.