Buddha Bhumi Nepal Hydropower Company Limited has obtained approval from the Securities Board of Nepal (SEBON) to issue rights shares. The board granted this approval on Magh 21, 2082 B.S., following the company’s application submitted on Falgun 12, 2082 B.S.
Under the approved plan, the company will issue rights shares equal to 100% of its currently paid-up capital, allowing existing shareholders to purchase additional shares in proportion to their current holdings at a 1:1 ratio. The company’s current paid-up capital stands at NPR 40 crore, meaning a total of 40 lakh rights shares will be issued. The issuance and sale of these shares will be managed by NIC Asia Capital Limited.
This rights share issuance provides existing shareholders the opportunity to increase their investment in the company while maintaining their proportional ownership. The process is expected to follow standard regulatory procedures as outlined by SEBON.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
