Joshi Hydropower to Issue 65% Right Shares from Shrawan 15, 2082
Joshi Hydropower Development Company Limited (JOSHI) has announced the issuance of 65% right shares, offering 2,414,100 units to its existing shareholders. The right share subscription will open from 15th Shrawan to 4th Bhadra, 2082, as per the official offer letter released by the company.
Eligibility and Book Closure
The company had set the book closure date as 8th Ashadh, 2082, meaning shareholders who held shares on or before 7th Ashadh are eligible to apply for the rights offering.
Rights Offering Details
- Ratio: 1:0.65 (65% right share)
- Units: 2,414,100
- Par Value: Rs. 100 per share
- Total Issue Size: Rs. 24.14 crores
- Current Paid-Up Capital: Rs. 37.14 crores
- Post-Issue Paid-Up Capital: Rs. 62.28 crores
Issue Manager
Laxmi Capital Market Limited has been appointed as the issue manager. Eligible shareholders can apply through C-ASBA member banks and financial institutions or via MeroShare within the specified period.
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