Radhi Bidyut (RADHI) in SEBON Pipeline to Issue (1: 1.475 Ratio) 95.35 Lakh Right Shares

Wed, May 18, 2022 12:34 PM on Dividend, Bonus & Rights, Latest,

The Right share proposal of Radhi Bidyut Company Limited (RADHI) is in SEBON's pipeline.

The company has submitted a proposal to the capital market regulator to issue a total of 1: 1.4752 or 9,535,760.99 shares. This will raise Rs. 95.35 crores for the company.

The application was submitted on Baisakh 28, 2079. Muktinath Capital Limited has been appointed the issue manager.

At present, the paid up capital of the company stands Rs 64.64 crore. Upon the adjustment of the proposed right shares, the final capital would be Rs 160 crores. Last year (FY 76/77) the company has provided 36.5% bonus share to its shareholders. 

Radhi Bidyut Company Ltd is a public company incorporated on 05 Jestha, 2062 (May 19, 2005) as per prevalent Acts of Nepal, with the objective to develop and invest in hydropower projects. It has currently developed 4.4 MW Radhi Small Hydropower Project in Lamjung district and owns the project license.

ICRA Nepal has assigned an issuer rating of [ICRANP-IR] BBB- (pronounced ICRA NP Issuer Rating Triple B minus) to Radhi Bidyut Company Limited, indicating a moderate degree of safety in the timely servicing of financial obligations with a moderate credit risk.