Rapti Hydro’s 1:1 Rights Share Opens from Asar 1

Rapti Hydro and General Construction Ltd. (RHGCL) is set to open its 1:1 rights share issue from Asar 1. The company will issue 6,127,938 units of rights shares at a par value of NPR 100 each, totaling NPR 612.79 million.

The deadline to apply is Asar 22. Only shareholders who held shares by Jestha 5 (as book closure was on Jestha 6) are eligible to apply.

ICRA Nepal has assigned a rating of “ICRA NP Issuer Rating B-”, indicating high risk in timely financial obligation fulfillment. The issue manager is Muktinath Capital Ltd.

Applications can be submitted through Muktinath Capital’s offices, various branch offices of Muktinath Bikas Bank, or online via the "Mero Share" platform and participating C-ASBA institutions. Post issuance, the company’s paid-up capital will reach NPR 1.22 billion.