Kathmandu. Himalayan Hydropower Limited has received approval from the Electricity Regulatory Commission (ERC) to issue right shares.
The commission has sent a letter on February 4 informing it that it has given prior approval to Himalayan Hydropower to issue 100 percent right shares in the ratio of 1:1 in the existing paid-up capital.
Himalayan Hydropower has a paid-up capital of Rs 1.09 billion. The company will now issue rights shares worth Rs 1.09 billion to its shareholders.
After the issuance of the right shares, the paid up capital of the company will reach above Rs 2.19 billion.
