Kathmandu. Himalayan Power Partners Limited has received permission from the Securities Board of Nepal (SEBON) to issue right shares.
The Securities Board of Nepal (SEBON) has allowed the company to issue 1:0.5 right shares of its current paid-up capital of Rs 1.06 billion. The company will now issue 53,27,08,500 right shares to its shareholders.
Accordingly, the company will issue a total of 5,327,085 units of shares at face value of Rs 100. After the issuance of the right shares, the paid-up capital of the company will stand at Rs 1,59,81,25,500.
Global IME Capital has been appointed as the issue manager for the right issue of Himalayan Power Partners.
