Balephi Hydropower has decided to issue rights shares equal to its current paid-up capital to raise funds for the 188 MW Surke Dudhkoshi Hydropower Project.
Balephi Hydropower Limited has decided to issue rights shares equal to its existing paid-up capital. In a board meeting held on Sawan 20, the company approved the proposal to raise investment for the 188 MW Surke Dudhkoshi Hydropower Project through a rights issue.
The meeting resolved to issue 3,65,59,400 rights shares at a face value of Rs 100 per share, equivalent to the current paid-up capital of Rs 3,65,59,40,000.
The company proposed to offer rights shares on a 1:1 ratio, meaning one rights share for every one existing share. This proposal will be presented for approval at the upcoming Annual General Meeting (AGM).
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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