Sanjen Jalavidhyut Company Limited (SJCL) has listed its 36,50,000 additional shares on the Nepal Stock Exchange (NEPSE), allocated specifically to project-affected locals of Rasuwa District (Aama Chhodingmo VDCs). Below are the key details of the listing and its significance:
1. Share Issuance Details
- Total Shares Listed: 36,50,000 units (valued at Rs. 36.5 crores).
- Recipients: Locals affected by SJCL’s hydropower projects in Rasuwa District.
- Initial Issuance Period: 5th Bhadra to 30th Ashwin, 2079 (August 20, 2022 – October 15, 2022).
- Face Value: Rs. 100 per share.
2. Listing on NEPSE
- Listing Date: Recently listed on NEPSE, enabling shareholders to trade their shares in the secondary market.
- Closing Price: SJCL shares closed at Rs. 350 per share, reflecting strong market demand.
3. Purpose of the Share Issuance
- Compensation and Inclusion: The shares were issued to compensate and involve project-affected communities in the company’s growth.
- Liquidity for Locals: Listing these shares allows locals to monetize their holdings, providing financial flexibility.
4. Impact of the Listing
- Market Visibility: Enhances SJCL’s presence on NEPSE, attracting potential investors.
- Shareholder Value: The closing price of Rs. 350 (a 250% increase from the face value of Rs. 100) highlights strong investor confidence in the company.
Conclusion
The Company has taken a significant step by listing 36,50,000 shares for Rasuwa District locals on NEPSE. This move not only empowers affected communities through financial inclusion but also strengthens SJCL’s market position. With shares trading at Rs. 350, the company demonstrates robust growth potential, benefiting both local shareholders and broader investors.