KATHMANDU, March 23: Buddhabhumi Nepal Hydropower is set to issue rights shares starting April 5. The company plans to sell 100 percent of its paid-up capital as rights shares.
The company currently has a paid-up capital of Rs 400 million. Shareholders can apply for the 4 million rights shares at Rs 100 per share.
Last day to apply for IPO of Buddhabhumi Nepal Hydropower
Investors will be eligible to apply based on their existing shareholding proportion. Since the company’s book was closed on February 13, only shareholders registered before that date can apply. According to the sales manager, applications for the rights shares will be accepted until April 26, 2026.
For this rights issue, the company was rated by Infomerics Credit Rating Nepal, which assigned an IRN BB issuer rating, indicating a moderate risk in meeting financial obligations on time.
NIC Asia Capital is managing the share sale. After the rights issue, the company’s paid-up capital will reach Rs 800 million.
