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ICT Frame | Tech News, Reviews & Digital Updates from Nepal
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Started 2 days ago · Updated 2 days ago

Chirkhwa Hydropower to Issue 4 Million Rights Shares Worth NPR 400 Million

Photo · ictframe.com

Chirkhwa Hydropower Limited is set to issue 4 million rights shares, each with a face value of NPR 100, aiming to raise NPR 400 million as part of its capital expansion strategy. RBB Merchant Banking Limited has been appointed as the issue and sales manager for this equity offering. The capital raised will be used to optimize the company's financial position and support operational activities.

  • The rights shares will be allocated on a one-to-one ratio for existing investors.
  • The issuance is intended to provide a financial buffer, reducing risks associated with heavy credit dependencies.
  • The capital infusion will support ongoing operational activities, maintenance, project expansion costs, and loan repayments.
  • RBB Merchant Banking Limited, a subsidiary of Rastriya Banijya Bank, will manage the public issue, registration, and distribution processes.

Timeline (3)

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Rastriya Banijya Bank RBB Merchant Banking Limited Chirkhwa Hydropower Limited

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