7th January 2024, Kathmandu
Ngadi Group Power Limited has officially opened applications for its 100% rights share issuance starting today, January 7, 2025 (Poush 23, 2081 BS).
Ngadi Group Power Limited Opens
The company is issuing 18,512,792.225 rights shares, each with a face value of NPR 100, to eligible shareholders. This move aims to double the company’s paid-up capital, increasing it from NPR 1.85 billion to NPR 3.70 billion upon successful allotment.
Key Details of the Rights Offering:
Total Shares Offered: 18,512,792.225 units
Face Value per Share: NPR 100
Application Period: January 7, 2025 (Poush 23) to January 27, 2025 (Magh 14)
Eligibility: Shareholders listed by December 3, 2024 (Mangsir 17, 2081 BS), the day before the book closure date on December 4, 2024 (Mangsir 18, 2081 BS), are eligible to apply.
Application Process:
The rights shares are managed by Siddhartha Capital Limited, and applications can be submitted through multiple channels:
Siddhartha Bank and Its Branches: Investors can visit branches in Biratnagar, Birgunj, Narayanghat, Pokhara, Butwal, Nepalgunj, Dhangadhi, and Surkhet.
ASBA Member Banks and Financial Institutions: Applications are also accepted at any bank or financial institution approved under the ASBA system, including their branches.
Online via Meroshare: Shareholders can apply conveniently through the Meroshare platform.
Impact on Paid-Up Capital:
After the successful allotment of these rights shares, Ngadi Group Power Limited’s paid-up capital will rise to NPR 3.70 billion, further strengthening its financial foundation.
This rights offering is a significant opportunity for existing shareholders to enhance their investments and support the company’s growth trajectory. Interested shareholders are encouraged to apply within the specified period through their preferred method.
For more information: Ngadi Group Power Limited Opens
