Kathmandu. Supermai Hydropower has received prior approval from the Electricity Regulatory Commission to issue right shares.
The commission has given prior approval to the issue of right shares to Supermai Hydropower on October 7. The commission has given prior approval to the company to issue right shares in the ratio of 1:09252 i.e. 92.52 percent of the paid-up capital.
Currently, the company has a paid-up capital of Rs 64.20 crore. The company has received prior approval to issue rights shares worth Rs 59.40 crore.
The company will now proceed with further process to issue right shares.
