Deadline Extended: Apply for Buddhabhumi Nepal's 1:1 Rights Shares Until May 11

Buddhabhumi Nepal Hydropower Company Limited (BNHC) has officially extended the deadline for its ongoing 100% rights share issue. Originally scheduled to close on April 26 (Baisakh 13), investors can now apply for the shares until May 11, 2026 (Baisakh 28). The extension comes after the company received applications for only 1.45 million units out of the total 4 million units offered as of April 23. The company is issuing rights shares in a 1:1 ratio at a par value of Rs 100 per share, aiming to raise Rs 400 million. The primary objective of this issuance is to partially repay bank loans totaling approximately Rs 969 million. Upon successful completion of the rights issue, the company's paid-up capital will double from Rs 400 million to Rs 800 million. Existing shareholders who held stock until February 11 (Magh 29) are eligible to apply through MeroShare or designated collection centers managed by NIC Asia Capital.