Khani Khola Hydropower Company (KKHC) to issue 1:1 Right Share
Khani Khola Hydropower Company Limited (KKHC) has submitted an application to SEBON asking for permission to issue 1:1 right shares to its shareholders. Securities Board of Nepal has also added its proposal to issue right shares in its pipeline.
Khani Khola Hydropower Company plans to issue 100 percent right shares to its shareholders to raise Rs. 46.57 crores through the issuance of 4,657,143 unit shares. This means that shareholders of Khani Khola Hydropower holding 100 shares can apply for 100 right shares.
Highlights of KKHC Right Shares
- Khani Khola Hydropower Company to issue 100 percent right shares if approved by SEBON.
- KKHC to sell 4,657,143 unit shares at Rs. 100 per share to raise Rs.46.57 crores.
- Citizens Capital Limited has been appointed as the issue manager for the issuance of its offering.
- KKHC is issuing right shares to raise funds for the repayment of bank loans.
- Its one of the upcoming right shares from hydropower companies in Nepal
About Khani Khola Hydropower Company
Khani Khola Hydropower company is a public limited company established on 2069 BS and operates multiple hydropower projects in Nepal. The basic objective of the company is to generate electricity and has 4.36 MW and 2 MW projects under operation.
Khani Khola Hydropower company has 4,657,143 unit shares listed in NEPSE and is traded as KKHC. The current paid up of capital of the company stands at Rs. 46.57 crores and the application to issue right shares was submitted on 17 Falgun, 2080.
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