The Securities Board of Nepal (SEBON) has approved the rights offering proposal of Himalaya Urja Bikas Company Limited (HURJA) on Ashadh 7, 2081. The company will issue 100% right shares worth Rs. 99 crore through the distribution of 9,900,000 (1:1) units of right shares to its existing shareholders.
The current paid-up capital of HURJA stands at Rs. 99 crore. Following the adjustment of the proposed right shares, totaling 99 lakh units, the company’s paid-up capital will increase to Rs. 1.98 Arba. Nabil Investment Banking Limited has been appointed as the issue manager for this rights offering.
As of the latest update, HURJA’s stock closed at Rs. 296.00.