Kathmandu. Barun Hydropower Company has extended the time as the right shares issued by the company did not apply as per the demand.

The company has been issuing the right shares since June 15. According to the company, if the application is not received as per the demand, the application can be submitted till August 30.

The company has issued right shares in the ratio of 1:1. The company issued 5,358,150 units of right shares worth Rs 535.81 million at the rate of Rs 100 per share. Shareholders who have been in the right of the company till June 15 can apply. The book has been closed on June 15.

RBB Merchant Banking is the issue manager of the company. Investors can apply from Narayangadh, Hetauda, Baglung, Butwal, Nepalgunj, Birgunj, Janakpur, Birendranagar, Dhangadhi, Birtamod, Tulsipur, Mahendranagar, Chainpur, Khandbari and Dharan branches of Rastriya Banijya Bank.

Similarly, applications can be made from banks and financial institutions with C Asba members from the Securities Board of Nepal and my shares. At present, the paid-up capital of the company stands at Rs 535.8million. After the issue, the paid-up capital of the company will reach Rs 1.07 billion.