Tag: 11,

  • “Final Day for Eligibility: Upper Tamakoshi Hydropower 1:1 Rights Offering”

    “Final Day for Eligibility: Upper Tamakoshi Hydropower 1:1 Rights Offering”


    Today marks the final opportunity for eligibility in the rights offering of Upper Tamakoshi Hydropower Limited (UPPER).

    The company plans to distribute 100% right shares by releasing 105,900,000 (1:1) units of right shares to its current shareholders. Currently, the company’s paid-up capital stands at Rs. 10.59 Arba. With the implementation of the intended right share, the company’s paid-up capital will surge to Rs. 21.18 Arba.

     

  • Barun Hydropower Company Limited (BARUN) Calls Special General Meeting to Discuss 1:1 Rights Offering and Amendments

    Barun Hydropower Company Limited (BARUN) Calls Special General Meeting to Discuss 1:1 Rights Offering and Amendments


    Barun Hydropower Company Limited (BARUN) has announced its plans to hold a Special General Meeting (SGM) on the 14th of Shrawan, 2080. The meeting is scheduled to take place at Lord Party Venue in Dhumbarahi and will commence at 1 pm.

    During the SGM, BARUN will propose a 1:1 ratio rights offering, equivalent to 100% of the company’s paid-up capital, which currently stands at Rs. 53.58 Crores. It is important to note that the issuance of these right shares is subject to approval from the regulatory bodies. If approved, the issuance will result in an increase in the company’s paid-up capital to Rs. 1.07 Arba.

    Considering the potential increase in the company’s capital after the issuance of the right shares, the SGM will also address the need for amending relevant sections of the Articles of Association. The purpose of these amendments is to align the Articles of Association with the updated capital structure. Furthermore, the shareholders will be asked to grant full authority to the Board of Directors (BoDs) to carry out the necessary work related to the amendments, as guided by the regulatory board.

    It should be noted that the book closure date for the SGM is set for Shrawan 05. Shareholders who maintain their ownership before this date will be eligible to attend the meeting and participate in the decision-making process.

  • Arun Valley Hydropower Development Company (AHPC) Receives Final Approval for 1:1 Right Share Issuance

    Arun Valley Hydropower Development Company (AHPC) Receives Final Approval for 1:1 Right Share Issuance


    Arun Valley Hydropower Development Company Limited (AHPC) has received the final approval from the Electricity Regulatory Commission to issue right shares to its shareholders at a ratio of 1:1. This decision was made during the Special General Meeting (SGM) held on Ashad 07, where 100% rights shares were endorsed for distribution among the shareholders. The proposal for issuing these right shares was initially put forward during the Board of Directors meeting held on Baisakh 06.

    The approved plan entails issuing a total of 18,679,626 right shares with a par value of Rs. 100 each, amounting to a total value of Rs. 1.86 Arba. Out of this amount, AHPC intends to invest 50% of the issued right shares, equivalent to 9,339,813 unit right shares valued at Rs. 93.39 crore, in the Likhu Khola Hydropower Project (30 MW) developed by PK Hydropower Pvt. Ltd. The remaining 9,339,813 unit shares, also valued at Rs. 93.39 crore, will be utilized to repay the loan obtained by AHPC for the Kabeli ‘B’-1 Cascade Hydropower Project in Panchthar.

    It should be noted that the issuance of these right shares is subject to the approval of the Securities Board of Nepal (SEBON). AHPC will proceed with issuing the right shares to its shareholders once the necessary approval is obtained. As of the time of writing, AHPC’s Last Traded Price (LTP) stands at Rs. 263.90.

  • 11% Bonus Shares of Support Laghubitta Listed in NEPSE

    11% Bonus Shares of Support Laghubitta Listed in NEPSE


    Support Laghubitta Bittiya Sanstha Limited (SMB) has successfully listed 94,380 unit bonus shares on the Nepal Stock Exchange (NEPSE). This development follows the company’s 8th Annual General Meeting (AGM) held on 4th Chaitra, where an 11.57894737% dividend for the fiscal year 2078/79 was endorsed. During the 189th board of directors meeting on Poush 29, it was decided to distribute the dividend on the paid-up capital of Rs. 8.58 crores. The proposal included 11% bonus shares valued at over Rs. 94.38 lakhs and a 0.57894737% cash dividend (including tax) worth over Rs. 4.96 lakhs.

    On the previous trading day, SMB closed at Rs. 940 per share.

  • Lumbini Bikas Bank Limited Opens 11% Debenture 2089 Issuance to General Public and Institutions

    Lumbini Bikas Bank Limited Opens 11% Debenture 2089 Issuance to General Public and Institutions


    Lumbini Bikas Bank Limited (LBBL) has commenced the issuance of “11% LBBL Debenture 2089” to the general public and institutions. The debenture, which has a maturity period of 10 years and offers a coupon rate of 11%, will be available for application starting from today until the 19th of Jestha, 2080. In the event that the issue is not fully subscribed, the deadline may be extended until Jestha 30, 2080.

    A total of 10,00,000 units of the debenture will be issued at a par value of Rs. 1000 per unit. Among the total units, 60% (6,00,000 units) will be subscribed through private placement, while the remaining 4,00,000 units worth Rs. 40 crores will be open for public issue. Additionally, 5% of the public issue is allocated for mutual funds. The issuance aims to raise a total of Rs. 1 Arba.

    Nabil Investment Banking Limited has been appointed as the issue manager for this process. Investors have the opportunity to apply for a minimum of 25 units and a maximum of 1,00,000 units.

  • LBBL Announces 11% Debenture Issuance for Public and Institutions

    LBBL Announces 11% Debenture Issuance for Public and Institutions


    Lumbini Bikas Bank Limited (LBBL) has announced its plan to issue 10,00,000 units of “11% LBBL Debenture 2089” to the general public and institutions. The debenture has a maturity period of 10 years and offers an 11% coupon rate. The application period for the debenture will be open from 16th Jestha to 19th Jestha, 2080, with a possible extension to Jestha 30, 2080, if the issue is not fully subscribed.

    The debenture will be issued at a par value of Rs. 1000 per unit, totaling 10 lakh units. Of these, 60% (6 lakh units) will be subscribed through private placement, while the remaining 4 lakh units worth Rs. 40 Crores will be available for the public to apply, with 5% allocated for mutual funds. The issuance aims to raise a total of Rs. 1 Arba.

    Nabil Investment Banking Limited will act as the issue manager for this debenture issuance. Interested investors can apply for a minimum of 25 units and a maximum of 1,00,000 units.

  • Arun Valley Hydropower Granted Approval to Issue 1:1 Right Shares for Shareholders

    Arun Valley Hydropower Granted Approval to Issue 1:1 Right Shares for Shareholders


     

    Arun Valley Hydropower Development Company Limited (AHPC) has received approval from the Electricity Regulatory Commission to issue right shares to its shareholders on a 1:1 basis. This means that each existing shareholder will have the opportunity to purchase one additional share for every share they currently hold.

    The decision to issue right shares was proposed during a board of directors meeting. AHPC plans to offer a total of 18,679,626 right shares, with a par value of Rs. 100 each, amounting to a value of Rs. 1.86 Arba. Out of this, half of the funds raised, approximately Rs. 93.39 crore, will be invested in the Likhu Khola Hydropower Project (30 MW) developed by PK Hydropower Pvt. Ltd. The remaining amount will be used to repay a loan taken by AHPC for the Kabeli ‘B’-1 Cascade Hydropower Project in Panchthar.

    However, it’s important to note that the issuance of the right shares is still pending final approval from the company’s Annual General Meeting (AGM) and the Securities Board of Nepal (SEBON), in addition to the endorsement received from the Electricity Regulatory Commission.