Chhyangdi Hydropower Company Limited (CHL) has submitted an application to the Securities Exchange Board of Nepal (SEBON) to add its right shares to the pipeline for preliminary review.
The hydropower company intends to issue 100% right shares amounting to Rs. 38.67 Crores. This will be achieved through the issuance of 3,869,775 (1:1) units of right shares to its existing shareholders. Currently, the company has a paid-up capital of Rs. 38.67 Crores. Upon the successful adjustment of the proposed right shares, the paid-up capital of the company will be raised to Rs. 77.39 Crores.
BOK Capital Market has been appointed as the issue manager for this right share issuance. The application for the issuance was submitted to SEBON on Jestha 22, 2080. The approval and subsequent details regarding the timeline and pricing of the right shares will be determined after the completion of the SEBON’s preliminary review process.