Today is the last day to buy the shares of Chhyangdi Hydropower Company Limited (CHL) in order to be eligible for its 10: 3 rights offering. Poush 21 is the book closure date for the rights offering. Thus, shareholders maintained till today can apply for the right shares when the company opens the issue.
The 10: 3 rights proposal of Chhyangdi Hydropower Company Limited (CHL) has already been approved by the regulator. This will be issued on the paid-up capital of Rs. 28.35 crores. Thus, a total of 893,025 shares will be issued, which will raise a total capital of Rs. 8,93,02,500 for the company.
The paid-up capital of the company after 30% rights issuance will be Rs. 38,69,77,500. Global IME Capital has been appointed the issue manager. The proposal was approved on Poush 01.
Note that the company has already proposed yet another 40% rights offering (yet to be approved by SEBON) on the paid-up capital maintained after 30% rights adjustment. After adjustment of the 30% right shares, the 40% right shares will be issued on this capital, finally bringing the paid-up capital to Rs. 54,17,68,500.