Ghalemdi Hydropower’s rights share will be issued from Mangsir 10. The company is going to issue rights shares at a 1:2 ratio. The company has announced that it will issue 10 lakh rights shares at a price of Rs 100 per share.
Investors in the company’s rights shares can apply from Mangsir 10 until Poush 1. According to the company, only shareholders until Kartik 2 will be eligible to apply for the rights.
Informatics has provided a B rating for Ghalemdi for the rights issue. The company informs us that Ghalemdi Hydropower is at financial risk with the rating received. The company has announced that it will invest the amount received from the rights issue in Sangrila Energy Limited. The company produces 63 megawatts of electricity in Sankhuwasabha.