Kathmandu. Shiva Shree Hydropower Company is going to issue 100 percent right shares. The company has said that it will issue the right shares from September 15.

The company is issuing right shares in the ratio of 1:1. The company will issue 14.76 million units of right shares worth Rs 1.47 billion at the rate of Rs 100 per share.

The company has closed the book for the issue of right shares on July 15. The shareholders who have remained in office till July 15 will be able to apply for the right shares issued by the company.

Applications for right shares can be made till September 30. Citizens Capital is its sales manager.

Citizens Bank’s Kumaripati, Thimi, Biratnagar, Narayangadh, Pokhara, Birtamod, Birgunj, Surkhet, Janakpur, Nepalgunj, Dhangadhi, Butwal and Hetauda branch offices can apply for the right shares.

Similarly, applications can also be made from banks and financial institutions with C Asba members licensed by the Securities Board of Nepal and my shares. At present, the paid-up capital of the company stands at Rs 1.47 billion. After issuing the rights, it will reach Rs 2.95 billion.

The money from the right shares will be used to repay the loans of the banks.