Kathmandu. Maikhola Hydropower has received approval from the Electricity Regulatory Commission to issue right shares.
The company has received approval from the commission to issue right shares in a ratio of 1:1, i.e. 100 percent of the current paid-up capital. The company’s paid-up capital is Rs 392.156,800. The company will now issue right shares equal to the paid-up capital.
The company will now have to apply to the Securities and Exchange Board of Nepal to issue right shares. After the Securities and Exchange Board of Nepal grants permission, the company will issue right shares to its shareholders.
