Today marks the final trading day on the Nepal Stock Exchange (NEPSE) for investors to qualify for the entitlement of right shares from Singati Hydro Energy Limited (SHEL).
Singati Hydro Energy Limited plans to issue 100% right shares valued at Rs. 1.45 Arba by offering 14,500,000 (1:1) units of right shares to its existing shareholders. Currently holding a paid-up capital of Rs. 1.45 Arba, the company anticipates a doubled paid-up capital of Rs. 2.90 Arba after the adjustment of the proposed right shares, each valued at 1.45 crore units.
The lock-in period for SHEL is set to conclude on April 9, 2024. Following this, the reserved shares allocated to project-affected individuals, employees, and promoters will be released and become tradable on the secondary market.
Muktinath Capital Limited has been appointed as the issue manager for this right share offering.
Poush 22 has been specified as the book closure date. Therefore, investors who maintain their holdings until that day will be eligible to apply for the right shares.