KATHMANDU – The Nepal Stock Exchange (NEPSE) has adjusted the share price of Himalayan Power Partner Limited (HPPL) following the company’s book closure for its upcoming rights share issuance.

On Tuesday, NEPSE determined the new adjusted price for HPPL at Rs 381.33. This adjustment reflects the company’s 50 percent right share offering.

The revision was based on Monday’s closing price, where HPPL shares last traded at Rs 522 per unit in the secondary market. Investors who held shares before the book closure are now eligible to apply for the new issuance.

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Key Details of the Issuance

NEPSE Adjusts Share Price of Himalayan Power Partner (HPPL) Following Right Share Book Closure

Himalayan Power Partner is set to issue right shares in a 2:1 ratio based on its current paid-up capital. The specifics of the offering include:

Total Units: 5,327,085.5 units
Total Value: Approximately Rs 532.7 million
Face Value: Rs 100 per share

According to the company, the primary objective of this capital hike is to manage its financial liabilities. The proceeds from the right share issuance will be utilized to repay loans acquired from various co-financing banks.

Trading for HPPL will resume at the newly adjusted price during the next market session.

HPPL Right Share Adjustment Summary

Here is a quick reference table summarizing the impact of the price adjustment for Himalayan Power Partner (HPPL) on the Nepal Stock Exchange:

Detail	Information
Previous Closing Price	Rs 522.00
New Adjusted Price	Rs 381.33
Right Share Ratio	2:1 (50%)
Total Units to be Issued	5,327,085.5 units
Total Offering Value	Rs 532.7 million
Primary Purpose	Repayment of co-financing bank loans