Kathmandu. Shiva Shree Hydropower Company Limited is going to open the issue and sale of right shares from Thursday. The company is issuing 100 percent right shares of the current paid-up capital.

The company is issuing right shares in the ratio of one unit to the existing one unit share. Accordingly, the company will issue 14.76 million units of right shares worth Rs 1.47 billion with face value of Rs 100 per share.

The company had closed the book for the issue of right shares on July 15. Applications can be made for the right shares of the company till October 30.

Citizens Capital Limited is the issue manager of the company. Investors can apply from citizen bank international’s kumaripati, Thimi, Biratnagar, Birtamod, Birgunj, Surkhet, Janakpur, Nepalgunj, Narayangadh, Dhangadhi, Pokhara, Butwal and Hetauda branch offices.

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’ created by CDS and Clearing Limited online.