Khani Khola Hydropower Company Limited (KKHC) has announced an extension of the deadline for its rights share issue. The rights offering, which opened on 3rd Bhadra, 2082, was initially set to close on 31st Bhadra, 2082. However, the company has now extended the closing date to 5th Ashwin, 2082.
The company is issuing 100% right shares at a ratio of 1:1, meaning shareholders will receive one right share for every share they already hold. A total of 46,57,143 units are being issued, worth Rs. 46.57 Crores. After this issuance, the company’s paid-up capital will double from Rs. 46.57 Crores to Rs. 93.14 Crores.
According to the Central Depository System and Clearing Limited (CDSC), 21,655 applicants have already applied for about 22,37,952 units, equal to Rs. 22.37 Crores.
The book closure date for the rights issue was on 27th Ashadh, 2082. This means only shareholders who were registered before that date are eligible to apply.
Citizens Capital Limited has been appointed as the issue manager for the process. Applications can be submitted through ASBA member banks and financial institutions, or online via the Mero Share platform.
Notice of Khani Khola Hydropower Extends Rights Share Deadline
