Ridi Power Company Limited (RIDI) has initiated the auction of the unclaimed portion of its right shares starting from the 29th of Chaitra, 2080, with the auction set to conclude on the 9th of Baisakh, 2081. The company aims to sell 11,35,657 units of ordinary right shares, representing the unclaimed segment from its recent rights […]
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Him River Power Ltd. has applied to SEBON for an IPO to issue 1,330,000 shares, aiming to raise Rs. 13.30 crores. The application was submitted on Magh 28, 2080. Siddhartha Capital Limited will manage the offering. CARE Ratings Nepal Limited has given HRPL an issuer rating of ‘CARE-NP BB (Is),’ indicating a moderate risk of
Sahas Urja Limited (SAHAS) has released its unaudited report for the second quarter of FY 2080/81, revealing an impressive 112.33% surge in net profit. The company’s net profit rose significantly to Rs. 45.86 crores for this quarter, a substantial increase from Rs. 21.59 crores in the same quarter last year. SAHAS achieved notable revenue from
Ridi Power Company Limited (RIDI) has disclosed the book closure date for its upcoming 50% right shares, set for the 22nd of Magh, 2080. Shareholders holding shares until Magh 21 will be eligible for the rights offering. The company is set to issue 50% right shares valued at Rs. 77.44 Crores, involving the issuance of
NIMB Ace Capital Limited and Mount Everest Power Development Limited have entered into an agreement for the issuance of 2,580,000 ordinary shares. These shares will be made available to local residents in areas affected by the project and the general public, constituting 30 percent of the total issued capital. The signing ceremony included Mr. Arjun
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“The Securities Board of Nepal (SEBON) has given the green light to the rights offering proposals of two hydropower companies, Ridi Power Company Limited (RIDI) and Arun Valley Hydropower Development Company Limited (AHPC). Ridi Power Company plans to issue 50% right shares, totaling Rs. 77.44 Crores, equivalent to 7,744,506 units, to its existing shareholders. This
Universal Power Company Limited (UPCL) has announced its Annual General Meeting (AGM) scheduled for the 29th of Poush, 2080. The meeting is set to take place at the Company Register’s Office in Tripureshwor, Kathmandu, starting at 12:15 pm. The proposed agendas for the AGM include the endorsement of the company’s annual report and the approval
Butwal Power Company Limited (BPCL) has announced its 31st Annual General Meeting (AGM) scheduled for the 29th of Poush, 2080, corresponding to January 14, 2024. The meeting is set to take place at Karki Banquet, Babarmahal, Kathmandu, starting at 11 am on the specified day. Among the various agendas to be discussed at the AGM,
Arun Kabeli Power Limited (AKPL) has successfully listed 18,552,105 units of right shares on the Nepal Stock Exchange (NEPSE). The company had previously issued these shares in a 1:1 ratio, amounting to a total of 185,521,05 units, available for subscription to its shareholders between the 11th and 31st of Bhadra, 2080. However, only 165,372,88 units
In accordance with the decision made during the Board of Directors meeting of People’s Power Limited (PPL), the company has resolved to issue right shares at a ratio of 1:0.5, equivalent to 50% of the existing shares. The decision, made during the meeting held on Mangsir 17, entails the issuance of 50% right shares based
