Kathmandu. The Electricity Regulatory Commission (ERC) has granted conditional permission to Sahasha Energy to issue 100 percent right shares of its paid-up capital.
Sahas Energy has received prior consent to issue right shares through the decision of the Commission on March 25. The current paid-up capital of Sahas Energy stands at Rs 4.57 billion. The company has started the process of issuing equal right shares.
The company has already applied to the Securities Board of Nepal (SEBON) seeking permission to issue right shares. The company will issue a total of 4,57,38,000 units of shares at a face value of Rs 100 to its shareholders if permitted by the Securities Board of Nepal (SEBON).
NIMB Ace Capital has been appointed as the issue manager for the right issue of Sahas Energy.
The Electricity Regulatory Commission (ERC) has put forward 3 conditions in the previous agreement to allow Sahas Energy to bring the right shares.
Here are the conditions
