Kathmandu. Himalayan Hydropower has decided to issue right shares.
A meeting of the board of directors of the company held on Friday decided to issue 100 percent right shares in the ratio of 1:1 of the current paid-up capital. The company has also decided to apply for prior approval from the Electricity Regulatory Commission for issuing right shares.
According to the company, it has been decided to issue right shares for the purpose of repaying the bank loan as there is a need to reduce the loan to distribute profits to the investors.
