. KATHMANDU: The Securities Board of Nepal (SEBON) has granted permission to Himalayan Power Partner Company Limited (HPP) to issue right shares.

After the approval of the board, the company will issue right shares in the ratio of 1:0.5 of its existing paid-up capital.

The company will issue 53,27,085 units of shares at a face value of Rs 100 per share.

Global IME Capital has been appointed as the issue manager for the right IPO issuance.