Offer Letter Published for 'Himal Dolakha Hydropower Company’; Right Shares Issue Opens from Jestha 22

Himal Dolakha Hydropower Company Limited (HDHPC) has published an offer letter inviting shareholders to issue a 1: 0.75 ratio of 1,20,00,000 units right share to its shareholders at a par value of Rs. 100.

The current paid-up capital of the company is Rs. 1.60 Arba. Hence, after the issue of the right share in the ratio of 1:0.75 or 1.2 crore unit right shares, the paid-up capital of the company will be increased to Rs. 2.8 Arba. The opening date of the issue is 22nd Jestha and the closing date is 10th Ashadh, 2080. (Office hours)

Following the approval from Electricity Commission, the company placed the application to the Securities Exchange Board of Nepal (SEBON) for the right issue, and on 12th Baisakh, 2080 SEBON approved the rights issue of 1: 0.75.

Laxmi Capital Markets Limited has been appointed the issue manager of this right share.

Previously, the company had unveiled the book closure date for its rights offering. The book closure date was Baisakh 27, 2079. Thus, shareholders maintained before that day are entitled to apply for the rights offering when the company issues it.

Official Notice