Khani Khola Hydro Power Opens 100% Rights Issue from Today
Khani Khola Hydro Power launches a full 100% rights issue, offering one new share for each existing share, targeting capital expansion and debt reduction.
Khani Khola Hydro Power Company Limited (KKHC) has opened its 100% rights issue starting today, Sept. 3, 2025. Under this issuance, existing shareholders are entitled to subscribe for one new share for every share they currently hold.
The company will issue 4,657,143 shares at NPR 100 per share, totaling NPR 46.57 crore. The book closure for eligibility was set on Aug. 27, allowing shareholders recorded on Aug. 26 to apply. The subscription window for the rights issue will remain open until Sept. 23, 2025.
ICRA Nepal has assigned a Single B issuer rating to KKHC, indicating high risk in meeting financial obligations on time. Citizen Capital Limited is managing the issuance, with applications accepted through its network and partner banks including Kumari Bank and Citizen Bank International, as well as via the C-ASBA system and the online platform ‘Mero Share’ operated by CDS & Clearing Limited.
Post-issuance, the company’s paid-up capital will increase from NPR 46.57 crore to NPR 93.14 crore. Funds raised from the rights issue will be used to reduce debt, lower interest expenses, and strengthen the company’s equity position.