हकप्रदमा न्यून आवेदनपछि बुद्धभूमी नेपाल हाइड्रोपावरले म्याद थप्यो, ऋण घटाउने लक्ष्यBuddhabhumi Nepal Hydropower Extends Rights Share Deadline Amid Low Subscription, Targets Debt Reduction

Kathmandu — Buddhabhumi Nepal Hydropower Company Limited (BNHC) has extended the application deadline for its 100% rights share offering after receiving lower-than-expected investor response. The company had initially opened the issue on March-end (Chaitra 22) with a 1:1 ratio, issuing 4 million shares worth NPR 400 million.The book closure for the rights issue was set on Falgun 1, making shareholders recorded up to Magh 29 eligible to apply. Initially, the deadline was fixed until mid-April (Baisakh 13), but the company decided to extend the timeline after receiving applications for only around 1.45 million shares, significantly below the total offering.The issue has been assigned an ‘IRN BB’ rating by Infomerics Credit Rating Nepal, indicating a moderate level of risk. The rights shares are being managed by NIC Asia Capital Limited as the issue manager.Currently, the company’s paid-up capital stands at NPR 400 million. Upon full subscription of the rights shares, the capital base is expected to double to NPR 800 million. The company has stated that the proceeds will primarily be used to partially repay bank loans.At present, BNHC carries outstanding debt of approximately NPR 969 million. With the infusion of funds from the rights issue, this is expected to decline to around NPR 569 million. A reduction in debt is likely to ease financial pressure, lower interest expenses, and improve overall financial stability in the long term.However, the weak subscription level so far also reflects cautious investor sentiment toward the company. Market observers note that the success of the extended offering period will be crucial in determining the company’s capital restructuring plans and future financial health.