Rapti Hydro & General Construction Ltd to Issue 100% Rights Shares from Asar 1

Rapti Hydro & General Construction Limited is set to issue 100% rights shares starting from Asar 1 (June 14). The company will offer a total of 6,127,938 units of rights shares at a face value of NPR 100 per share in a 1:1 ratio.

The Securities Board of Nepal (SEBON) has already granted approval for the issuance, and the company is proceeding accordingly.

For the purpose of this rights issue, the company had already announced a book closure on Jestha 6 (May 20). Hence, only shareholders who held shares until Jestha 5 (May 19) will be eligible to apply for the rights shares.

Applications can be submitted until Asar 22 (July 6). Interested shareholders can submit their applications either at the company’s corporate office in Tripureshwor or at the sales manager Muktinath Capital Limited, Naxal, Kathmandu.