Offer Letter Published for "Joshi Hydropower Development Company"; Right Shares Issue Opens from Shrawan 15
Sun, Jul 13, 2025 10:38 AM on Latest, Dividend, Bonus & Rights, Book Closure,
Joshi Hydropower Development Company Limited (JOSHI) has published an offer letter for the issuance of its 65% rights shares.
According to the offer letter made public by the company, it is set to open applications for its right shares in the ratio of 1:0.65 or 65% from 15th Shrawan to 4th Bhadra, 2082.
The company will be issuing 65% right shares worth Rs. 24.14 Crores through the issue of 2,414,100 (1: 0.65) units of right shares to its existing shareholders. The current paid-up capital is Rs. 37.14 Crores. After the adjustment of the proposed right share, i.e., 2,414,100 units, the company's paid-up capital will increase to Rs. 62.28 crores.
Laxmi Capital Market Limited is appointed as the issue manager.
The book closure date is Ashadh 07, 2082. Thus, investors who maintained before that day can apply for the shares.
