Three listed companies—Dolti Power Limited, Oriental Hotels Limited, and Bhugol Energy Development Limited—have submitted applications to the Securities Board of Nepal (SEBON) requesting permission to issue right shares. These companies are seeking to raise additional capital by offering new shares to their existing shareholders.
According to the records at SEBON, Dolti Power applied on Mangsir 25, followed by Oriental Hotels on Mangsir 29, and Bhugol Energy on Poush 9. Once these companies receive final approval from the board, they will proceed with the issuance process.
Detailed Breakdown of the Proposals
1. Dolti Power Limited
Dolti Power Limited has proposed to issue right shares in a ratio of 1:0.9618 (96.18%) based on its current paid-up capital. The company plans to issue 51,59,860 units of right shares worth 51 Crore 59 Lakh 86 Thousand rupees. NIC Asia Capital Limited has been appointed as the issue and sales manager for this offering.
2. Oriental Hotels Limited
Oriental Hotels Limited is preparing to issue right shares at a ratio of 10:2.663 (26.63%) of its existing paid-up capital. The hotel has requested permission to issue 31,55,050 units of shares valued at 31 Crore 55 Lakh 5 Thousand 40 rupees. NIMB Ace Capital Limited will handle the responsibility of the issue and sales management for this company.
3. Bhugol Energy Development Limited
Bhugol Energy Development Limited has put forward a proposal for a 1:0.8866 (88.66%) right share issuance. The company is looking to issue 48,23,840 units of shares worth 48 Crore 23 Lakh 84 Thousand rupees. Similar to Dolti Power, NIC Asia Capital Limited will serve as the issue manager for Bhugol Energy’s right share process.
Disclaimer: This news is originally written in Nepali, translated with the help of AI and editorially reviewed.