Kamal Barun Hydropower Company Limited (BARUN) has completed the allotment of its 1:1 right shares. The company had issued a total of 53,58,150 units of right shares at the par value of Rs. 100 per share.
Key Highlights of the Rights Share Issue
| Particulars | Details |
|---|---|
| Company Name | Barun Hydropower Company Limited (BARUN) |
| Right Share Ratio | 1:1 (One share for every existing share) |
| Total Issued Shares | 53,58,150 units |
| Issue Price | Rs. 100 per share |
| Book Closure Date | 22nd Jestha, 2082 |
| Application Period | 31st Ashadh – 3rd Bhadra, 2082 |
| Allotment Date | 17th Bhadra, 2082 |
| Refund Date | From 18th Bhadra, 2082 |
Allotment Results
Out of the total issued right shares, 51,19,707 units were allotted to 28,755 applicants. This means that 2,38,443 shares (4.45%) remained unclaimed by eligible investors.
Applicants who applied but did not receive shares, or those who applied for excess shares, are being refunded. The refund process started on 18th Bhadra, 2082, through the respective bank accounts of applicants.
Conclusion
The successful allotment of right shares has increased the paid-up capital of Barun Hydropower Company Limited. With this, the company aims to strengthen its financial position and continue its operations effectively.
Notice: Barun Hydropower Completes Allotment of 1:1 Right Shares
