Kathmandu. Modi Energy has received prior approval from the Department of Electricity Development to issue right shares.
The department sent a letter on March 4 informing the company that it has been given prior approval to issue right shares. The company has received prior approval from the department to issue right shares at the ratio of 1:0.90029 of the current paid-up capital of Rs 2.90 billion.
Now, the company will initiate the necessary process for issuing right shares to other regulatory bodies.
