Radhi Bidyut Company to Issue Right Share from 05 Ashwin

Radhi Bidyut Company Limited (RADHI) has issued an offer letter to issue right share from 05 Ashwin, 2079. The opening date for the right share issue is 05 Ashwin and closing date is 25th Ashwin, 2079.

The company will issue right share in the ratio 1: 1.4752 to its shareholders. Investors maintained before the book close date of 12 Bhadra, 2079 are elegible to apply for the right share.

Eligible Shareholders who owns 100 shares of RADHI can apply for 147.52 unit right shares at par value of Rs 100. The company will sell 95,35,760.99 units right share to its shareholders to collect Rs 95.35 Crore.

Securities Board of Nepal (SEBON) approved the right share issue of Radhi Bidyut Company on 9th Shrawan, 2079. Muktinath Capital has been appointed as the issue manager for the right share issue.

As per the latest report of RADHI, the company has posted a net profit of Rs 5.94 crore in fiscal year 2078/79. The company has earning per share (EPS) of Rs 7.88 for FY 2078/79.

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