Kathmandu. Barun Hydropower Company is going to open the issue and sale of right shares from today (June 15). The company is issuing 100 percent right shares of the current paid-up capital.

That is, the company is going to issue right shares in the ratio of 1 unit to the existing 1 unit share. Accordingly, the company will issue 5,358,150 units of right shares with face value of Rs 100 per share worth Rs 535.81 million.

The company had closed the book for the purpose of issuing the right shares on June 15. According to this, the shareholders can apply for the right shares after trading in NEPSE till June 15. Applications can be made for the right shares of the company till July 30.

Care Rating Nepal has given careap double B issuer rating to the company in the rating made for the right issue. This indicates that there is an average risk in the ability to bear financial liabilities on time.

RBB Merchant Banking Limited is the issue manager of the company. Investors can apply from birgunj, Janakpur, Narayangadh, Baglung, Butwal, Nepalgunj, Birendranagar, Dhangadhi, Birtamod, Hetauda, Tulsipur, Mahendranagar, Chainpur, Khandbari and Dharan branch offices of Rastriya Banijya Bank. Similarly, banks and financial institutions participating in the C-ASBA service licensed by the Securities Board of Nepal can also apply online using the C-ASBA system and the software ‘Mero Share’ developed by CDS and Clearing Limited online.