Dordi Khola Rights Shares: Applications Open from Today!

Dordi Khola Hydropower Limited (DORDI) has opened the issuance and sale of rights shares from today (Chaitra 19). The company is issuing 10,542,604 rights shares at a par value of NPR 100 per share in a 1:1 ratio based on existing holdings. The last date to apply for the rights shares is set for Baisakh 8, 2082. Since the company closed its book on Falgun 15, shareholders who traded on NEPSE until Falgun 13 are eligible to apply.

Sanima Capital Limited is managing the issuance and sale of the shares. Investors can apply through designated branches of Sanima Bank in Biratnagar, Birgunj, Pokhara, Rupandehi, Banke, Surkhet, Dhangadhi, and Lamjung, as well as through banks and financial institutions approved by the Nepal Securities Board. Applications can also be submitted via the "Mero Share" online system. ICRA Nepal has assigned the company an issuer rating of ICRA AP B+, indicating a high risk in meeting financial obligations. The funds raised through the rights issue will be used for loan repayment to Sanima Bank, Laxmi Sunrise Bank, Agricultural Development Bank, Prime Commercial Bank, and Mahalaxmi Development Bank.