Kathmandu. The Securities Board of Nepal has given permission to Chyangdi Hydropower to issue right shares.
The Securities Board of Nepal (Sebi) has approved the issue of 100 per cent right shares to Chyangdi Hydropower. Now the company will issue right shares in the ratio of 1:1 of the existing paid-up capital.
The company will sell right shares worth Rs 386.97 million to its shareholders. Accordingly, the company will issue a total of 3,869,775 units of ordinary shares at a face value of Rs 100 each.
After the right sale, the paid-up capital of the company will reach Rs 773.95 million. Global IME Capital is the right share sale manager of the company.
