Radhi Bidyut Company Limited has applied to the Nepal Securities Board (SEBON) for approval to issue 69.89% rights shares.
The application was submitted on Mangsir 2.
The rights issue is based on the company’s existing paid-up capital of Rs. 1 arba 83 crore 89 lakh 79 thousand. The proposed ratio is 1:0.6989, meaning shareholders will be eligible to receive 0.6989 rights shares for every 1 share held.
Issue Manager
Muktinath Capital Limited has been appointed as the issue and sales manager for the rights offering.
Utilization of Funds
According to the company:
- 52.48% of the funds raised will be invested in the Kasua Khola Hydropower Project.
- The remaining 17.41% will be used to repay bank loans.
Radhi Hydropower Right Share Details
| Particular | Information |
|---|---|
| Company | Radhi Bidyut Company Limited |
| Rights Share Ratio | 1 : 0.6989 |
| Rights Percentage | 69.89% |
| Paid-up Capital Base | Rs. 1 arba 83 crore 89 lakh 79 thousand |
| Application Submitted On | Mangsir 2 |
| Issue Manager | Muktinath Capital Limited |
| Investment Allocation | 52.48% for Kasua Khola Hydropower |
| Loan Repayment Allocation | 17.41% |
| Purpose | Project investment and debt repayment |