Ngadi Group Power Limited (NGPL) has released an offer letter to issue 100% right shares, allowing shareholders to subscribe in a ratio of 1:1.
Key Details of the Right Shares Issue:
- Opening and Closing Dates:
Applications for the rights shares will open on 23rd Poush, 2081, and close on 14th Magh, 2081. - Rights Ratio:
Shareholders will receive rights shares in a 1:1 ratio, meaning one new share for every share held. - Units and Value:
The company is issuing 18,512,792 units of rights shares, amounting to Rs. 1.85 Arba. - Paid-up Capital Increase:
After the rights shares adjustment, NGPL’s paid-up capital will double from Rs. 1.85 Arba to Rs. 3.7 Arba.
Eligibility:
- The book closure date was on 18th Mangsir, 2081.
- Shareholders holding shares before this date are eligible to apply for the rights shares.
Issue Management:
- Issue Manager: Siddhartha Capital Limited has been appointed as the manager for this rights offering.
This rights issue offers existing shareholders an opportunity to increase their stake in the company and benefit from its growth and operations.
Notice: Ngadi Group Power Limited (NGPL) 100% Right Shares Issue
