Barun Hydropower Company Limited (BARUN) is closing its 1: 1 ratio right shares to its shareholders tomorrow.
The issue opened on Bhadra 06 will close on 31st Bhadra, 2079 (tomorrow), at the end of banking hours.
The right shares totalling 26,79,075 units at par value of Rs. 100 out of its paid-up value of Rs 26.79 crores is being issued to its shareholders. The current paid-up capital of the company stands at Rs. 26.79 Crore which will increase to Rs. 53.58 Crore after the adjustment of the right shares.
The book closure for the issue of the right shares was on Shrawan 02. Thus, investors maintained before that day are entitled to apply for the right shares.
RBB Merchant Banking Limited Capital has been appointed the issue manager.
CARE Ratings Nepal Limited (CRNL) has reaffirmed the rating of ‘CARE-NP BB+ (Is)’ assigned to Barun Hydropower Company Limited (BARUN). Issuers with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations in Nepal.