Singati Hydro Energy Announces 1:1 Right Share Issue


Singati Hydro Energy Limited (SHEL) has commenced issuing a 1:1 ratio of right shares to its shareholders at a par value of Rs. 100 per share from today, the 2nd of Falgun, until the 22nd of Falgun, 2080. The hydropower company plans to distribute 100% right shares valued at Rs. 1.45 Arba, consisting of 14,500,000 (1:1) units, to its existing shareholders. Currently, SHEL’s paid-up capital stands at Rs. 1.45 Arba. Upon the adjustment of the proposed right shares, totaling 1.45 crore units, the company’s paid-up capital will double to Rs. 2.90 Arba.

 

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