Khani Khola Hydropower Rights Issue Applications Close Today

Khani Khola Hydropower Company Limited (KKHC) is closing applications for its rights issue today, Ashwin 5, 2082. The company opened the issuance on Bhadra 3, offering rights shares in a 1:1 ratio to its existing shareholders.

The issue amounts to 4.65 million units priced at Rs. 100 per share, equivalent to Rs. 465.7 million. The book closure was set on Ashar 27, meaning investors holding shares until Ashar 26 are eligible to apply.

ICRA Nepal has assigned the issue a rating of [ICRANP] Single B, signaling high risk in the company’s capacity to meet financial obligations on time.

Citizens Capital Limited is managing the issuance. Eligible shareholders can apply through Citizens Capital, Kumari Bank branches, Citizens Bank International branches nationwide, as well as via ASBA member banks and financial institutions or the CDS & Clearing Limited’s “Mero Share” online platform.

Currently, the company’s paid-up capital stands at Rs. 465.7 million. Post-allotment, this will double to Rs. 931.4 million. The proceeds will be utilized to reduce debt, improve financial stability, cut borrowing costs, and strengthen equity.