Radhi Bidyut Company To Issue 147.52% Right Share

HIDCL Right Share – Hydroelectricity Investment and Development Co. Ltd issuing 1:1 right share

Radhi Bidyut Company Limited (RADHI) intends to distribute right shares to shareholders.

According to the Nepal Stock Exchange, the business intends to float the right share in the ratio of 1:1.4752. After adjusting for the planned 36.50 percent bonus share, the appropriate share is on the capital.

The company’s capital will increase to Rs 64.64 crores when the proposed bonus share is adjusted. The right share is worth Rs 95.35 crores in this capital.

The firm has chosen to include the right offering on the agenda of its upcoming 15th Annual General Meeting. Only after the annual meeting’s approval can the corporation sell the appropriate shares.

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The correct ratio of 1:1.4752 means that a shareholder holding 100 shares after the bonus adjustment can apply for an extra 147.52 shares at a par value of Rs 100.