Siddhartha Cable Car Limited, based in Butwal-01, Rupandehi, has announced the issuance of rights shares for its existing institutional shareholders. The rights issue, offering 67,500,000 shares at a nominal price of NPR 100 per share, will be available at a ratio of 1:125 (1 existing share equals 125 new shares). This is the third time the company has made such an offering.
The rights issue will be open for subscription from the 4th of Poush, 2081 (December 19, 2024) to the 7th of Magh, 2081 (January 20, 2025), during banking hours.
Interested shareholders can submit their applications at Siddhartha Cable Car Ltd.’s office in Butwal-01, Rupandehi. Payments for the shares should be made through NMB Bank Ltd., Milan Chowk Branch, Butwal, into the company’s account number 00501431489000155.
Shareholders can download the application form from the official website of Siddhartha Cable Car Ltd. at www.siddharthacablecar.com.np. It is essential to attach the bank deposit receipt along with the application form. Please note that no cash transactions will be accepted at the company’s office for share-related activities.
