Joshi Hydropower Development Extends Rights Issue Application Period

Joshi Hydropower Development Company has extended the application period for its rights issue. The company, which opened the rights issue for subscription on 15th July, has now provided investors with additional time to apply. The rights issue represents 65% of the company's current paid-up capital.

The company has proposed a rights issue ratio of 1:0.65, offering 24,14,100 shares at an issue price of NPR 100 per share. The book close for this rights issue was conducted on 8th June.

This extended application period provides shareholders an important opportunity to participate, potentially increasing investment in the company.