Siddhartha Capital signs agreement with Ngadi Group; to manage issuance of 16 lakh unit right shares

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Wed, Feb 21, 2018 11:25 AM on Corporate, Featured, Latest, Stock Market,
Siddhartha...
Siddhartha Capital Limited has signed an agreement with Ngadi Group Power Limited as the issue manager of right shares of the latter for the issuance of 16,06,664.40 unit shares. The hydropower company is issuing right shares in the ratio 10:3 on its current paid up capital of Rs 53.44 crore. Signing of Right Issue of NGPL Issuing the press statement, it was informed that chairman of Ngadi Group Power Limited Dr. Bhogendra Kumar Guragain and CEO of Siddhartha Capital Mr. Dhruba Timalsina signed the agreement for the right issuance.