The National Hydro Power Company Limited (NHPC) has proposed 19.5% dividend and issue 50% right shares to it’s shareholders.
The company has called its 25th AGM on March 14, 2022. The AGM will endorse a 19.5% dividend for the fiscal year 2077/78 BS. 18.525% bonus shares and 0.975% cash dividends have been proposed.
Likewise, the company will also issue 50% right shares on the paid-up capital after bonus adjustment.
This AGM will also endorse the acquisition of Sunkoshi Hydropower Company Limited in a share swap ratio of 1: 0.25. Thus, shareholders who hold 100 shares of Sunkoshi Hydropower Company will now get 25 shares of National Hydro.
As of Monday morning, the NHPC has an LTP of Rs. 432, up 4.35 percentage point from the previous day’s closing.
