Ngadi Group Power to Issue 150% Right Shares from Shrawan 18
Sun, Jul 17, 2022 10:56 AM on Latest, Dividend, Bonus & Rights,
Ngadi Group Power Limited (NGPL) will be selling 1,06,03,986 units right shares (1:1.5) ratio to its existing shareholders from Shrawan 18, 2079. The last day for this right issue is on Bhadra 07, 2079.
The book closure date for right share purpose was on Ashad 20, 2079. Investors holding shares of the company till Ashad 19 will be eligible for right shares.
The hydropower company is issuing right shares in the ratio of 1:1.5 or 150% at par value of Rs. 100. The company will be issuing 1,06,03,986 units as right shares to raise a capital worth Rs. 1.06 Arba. The existing paid up capital of company is Rs. 70.69 crore and after the issue and allotment of 150% right shares, the company will have a total paid-up capital of Rs 1,76,73,31,000.
Siddhartha Capital Limited has been appointed as the issue manager. The last trading price of NGPL as of July 15 is Rs. 297.
CARE Ratings Nepal Limited (CRNL) has assigned the rating of ‘CARE-NP BB+’ to the long-term bank facilities and ‘CARE-NP A4+’ to the short-term bank facilities of Ngadi Group Power Limited (NGPL).
