Issue of 1: 2 Right Shares of Ghalemdi Hydropower Opening from Today

Ghalemdi Hydro Limited (GHL) is opening the issue of a 1:2 ratio of right share to its shareholders at a par value of Rs. 100 from today i.e. on 10th Mangsir to 1st Poush, 2080.

The hydropower company will be issuing 200% right shares worth Rs. 1.1 Arba through the issue of 11,000,000 units of right shares to its existing shareholders. The company proposed to issue 200% right shares so that it could invest at least 51% shares in the Chujung Khola hydropower project (63 M.W. PRoR) in Sankhuwasabha promoted by Shangrila Urja Pvt. Ltd.

The current paid-up capital of Rs. 55 Crores. After the adjustment of the proposed right share i.e. 1.10 crore units, the paid-up capital of the company will increase to Rs. 1.65 Arba.

Muktinath Capital Limited is appointed as the issue manager for this right issue.