Hydroelectricity Investment and Development Company Limited (HIDCL) is going to open the issue and sale of rights shares from July 20.
The company is going to issue a total of 110 million shares at a face value of Rs 100 in the ratio of 1: 1.
Who gets the application?
The company has closed the book on June 11 for the rightful purpose. This means that the existing shareholders will be able to apply for the rights of this company till June 10.
How long to apply?
Applications can be submitted till August 9 for the right to be evicted from July 20.
Who is the sales manager?
Global IME Capital Limited will act as the issuer and sales manager for the company’s shares.
Where to apply?
Applications for the rights can be made from the designated branch offices of Global IME Capital and Global IME Bank, and also through banks and financial institutions licensed by the Nepal Securities Board and my shares.
What is the rating?
Credit rating agency Care Rating Nepal has given Care NP Single A minus IS rating to the rights of the company. This indicates adequate assurance of regular repayment of financial obligations and low credit risk.
The Nepal Securities Board (NSB) had given permission for the eviction on May 23.