Kathmandu. Balefi Hydropower Limited is issuing 100 percent right shares. A meeting of the board of directors of the company held on August 29 decided to issue right shares at the same rate.
The company is issuing 36,559,400 units of right shares worth Rs 3.65 billion in the existing paid-up capital of Rs 3.65 billion to invest in the 188 MW Surke Dudhkoshi Hydropower Project.
The right shares will be issued at the same rate after it is approved by the Electricity Regulatory Commission and approved by the upcoming Annual General Meeting.
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