Khani Khola Hydropower Rights Offering Closing Today

Kathmandu — Khani Khola Hydropower Company Limited (KKHC) is closing its rights offering today, Ashwin 5, 2082. The issue, which opened on Bhadra 3, 2082, was initially scheduled to close on Bhadra 31, 2082, but as per the latest notice, it will officially close today.

The company has been issuing 100% rights shares at a ratio of 1:1, amounting to 4,657,143 units worth NPR 46.57 crores, for its existing shareholders. With this issuance, the company’s current paid-up capital of NPR 46.57 crores will double and reach NPR 93.14 crores.

According to CDSC, a total of 22,196 applicants have applied for 2,343,843 units of right shares so far, equivalent to NPR 23.43 crores.

Citizens Capital Limited is serving as the issue manager. The company had earlier announced the book closure date on Ashadh 27, 2082, meaning only those investors who held shares before that date were eligible to apply for the rights offering.