National Hydropower (NHPC) Share Price Adjusted as Rights Shares Issue Commences
Fri, Jun 16, 2023 11:27 AM on Latest, Price Adjustment,
On Ashad 1, Friday, the share price of National Hydropower Company Limited (NHPC) underwent adjustment in the Nepal Stock Exchange (NEPSE). This adjustment was made as the company closed its books for the purpose of issuing rights shares, prompting NEPSE to establish a new share price.
NEPSE adjusted 50 percent of NHPC's rightful shares today. Following the adjustment, the share price of the company now stands at Rs. 182.7. NEPSE determined the adjusted share price based on the closing price of the previous trading day. On Thursday, the company's shares were last traded at Rs. 223.10 in the secondary market.
Based on this adjusted price, trading of the company's shares will commence on Sunday in the secondary market.
NHPC plans to issue 50% right shares worth Rs. 82.21 Crores, offering a total of 8,221,459.7178 (10:5) units of right shares to its existing shareholders. The current paid-up capital of the company stands at Rs. 1.64 Arba, which will increase to Rs. 2.46 Arba after the proposed rights shares issue.
