Himalayan Power Partner to Issue 50% Rights Shares from Baisakh 17
Himalayan Power Partner Limited will issue 50% rights shares from Baisakh 17, with applications open until Jestha 6 for eligible shareholders.
Himalayan Power Partner Limited is set to issue rights shares equivalent to 50% of its current paid-up capital starting from Baisakh 17.
The company will issue 5,327,085 units of rights shares at a par value of Rs. 100 per share, amounting to a total of Rs. 532.7 million.
For the rights offering, the company had already closed its book on Chaitra 10. Therefore, only those shareholders who held shares until Chaitra 9 are eligible to apply for the rights shares.
The application period will remain open until Jestha 6. Global IME Capital Limited has been appointed as the issue and sales manager for this offering.