Himalayan Hydropower Limited has received prior approval from the Electricity Regulatory Commission to issue right shares. The commission, through a letter issued on Magh 21 (B.S.), has granted permission to the company to issue right shares in a 1:1 ratio, equivalent to 100 percent of its existing paid-up capital.
As of now, Himalayan Hydropower Limited’s paid-up capital stands at Rs 1 arba 9 crore 50 lakh. Following the receipt of prior approval, the company will move forward with the process of issuing right shares amounting to the same value—Rs 1 arba 9 crore 50 lakh—to its existing shareholders.
Upon the completion of the right share issuance, the company’s paid-up capital is expected to increase to Rs 2 arba 19 crore.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
