Dordi Khola Hydropower Company Limited (DORDI) has received approval from the Securities Board of Nepal (SEBON) for its 100% rights share offering worth Rs. 1.05 Arba. This strategic move aims to strengthen the company’s financial position and fund future growth initiatives.
Key Details of the Rights Share Issue
- Rights Ratio: 1:1 – Existing shareholders will receive 1 new share for every 1 share they currently hold.
- Total Units: 10,542,604 units of right shares will be issued.
- Issue Manager: Sanima Capital Limited has been appointed to oversee the process.
Financial Impact on Paid-up Capital
- Current Paid-up Capital: Rs. 1.05 Arba.
- Capital Increase: After the adjustment from the rights offering (which adds 1.05 crore units), the paid-up capital will double to Rs. 2.10 Arba.
- Purpose: The funds raised will support the company’s operational expansion and debt management.
What This Means for Shareholders
- Opportunity to Maintain Ownership: Shareholders can retain their proportional stake by subscribing to the new shares.
- Subscription Process: Eligible shareholders will receive details on how to apply for their allotted rights shares.
- Market Performance: As of the latest update, DORDI shares closed at Rs. 660.00 on the Nepal Stock Exchange (NEPSE).
Key Dates and Next Steps
- Book Closure Date: To be announced – Only shareholders registered before this date can participate in the rights issue.
- Application Deadline: Shareholders must apply within the stipulated timeframe to secure their rights shares.
Conclusion
Dordi Khola Hydropower Company Limited (DORDI) is set to boost its financial strength with a 100% rights share issue, approved by SEBON. This initiative will double the company’s paid-up capital to Rs. 2.10 Arba, enabling it to pursue growth opportunities and enhance shareholder value. Existing shareholders are encouraged to participate in the rights offering to maintain their ownership stakes. With Sanima Capital managing the process, DORDI continues to demonstrate its commitment to strategic growth in Nepal’s hydropower sector.