Application for 100% Right Shares of Ngadi Group Power Opens Today

Kathmandu, Poush 23. Applications for the 100% right shares of Ngadi Group Power will be accepted starting Tuesday. 
The company has already closed the book on this right share on Mangsir 18. Therefore, existing investors can claim the right shares until Mangsir 17. Investors can apply for the right shares being issued by Ngadi Group until Magh 14. 

The company has issued 1 crore 85 lakh 12 thousand 792.225 right shares at a 1:1 ratio. Accordingly, the company's right shares are valued at 1 arab 85 crore 12 lakh 79 thousand 222.50 rupees at a nominal value of 100.  
The company's actual share capital currently stands at 1 arab 85 crore 12 lakh 79 thousand 222.50 rupees. After the issuance of right shares, the company's actual share capital will reach 3 arab 70 crore 25 lakh 58 thousand rupees. The company has stated that it will use the funds obtained from the right shares for project maintenance, debt repayment, and investment in new projects.

Siddhartha Capital has acted as the sales manager for this right share. Applications for this right issue can be submitted at Siddhartha Capital Narayanchaur Naksal, Kathmandu, and the designated branch offices of Siddhartha Bank. Additionally, applications can be submitted through banks and financial institutions that have received approval from the Securities Board and through Mero Share.