Kathmandu. Barun Hydropower Company has received permission from the Securities Board of Nepal to issue right shares.
The Securities Board of Nepal has allowed Barun Hydropower to issue right shares in the ratio of 1:1, i.e. 100 percent of the existing paid-up capital. The company will now issue right shares worth Rs 535.81 million to its shareholders.
Accordingly, the company will sell a total of 5,358,150 units of right shares at a face value of Rs 100 each. After the sale of the right shares, the paid-up capital of the company will reach Rs 1.07 billion.
RBB Merchant Banking is the right share sale manager of the company.
