Chhyangdi Hydropower Rights Share Deadline Extended Until Asar 27

Chhyangdi Hydropower Limited has extended the application deadline for its 100% rights share issue. Initially set to close today, the deadline has been extended to Asar 27 after the company did not receive sufficient applications.

As per the approval from the Securities Board of Nepal (SEBON), the company is issuing rights shares at a 1:1 ratio. A total of 3,809,775 units are being issued at a face value of Rs. 100 per share, through which the company aims to raise Rs. 380,977,500.

For this rights offering, the company had announced a book closure on Jestha 2. Only shareholders who held shares until Jestha 1 are eligible to apply for the rights shares.