Radhi Bidyut Company Gets Approval To Issue Right Shares In the Ratio of 1:1.4752

Radhi Bidyut Company Limited (RADHI) has received the regulatory board SEBON's approval to issue 1:1.4752 right shares.

The company will now issue 9,535,760.99 right shares to the eligible shareholders at par value of Rs. 100 out of its paid-up value of Rs 64.64 crores. 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 9th Shrawan, 2079 SEBON approved the rights issue of 1: 1.4752.

The current paid-up capital of the company stands at Rs. 64.64 Crore which will increase to Rs. Rs 160 Crore after the adjustment of the right shares.

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