Kathmandu. Radhi Power Company is going to issue right shares. The Electricity Regulatory Commission (ERC) has given approval to the company to issue right shares. The commission has allowed the company to issue 69.89 percent right shares.

The company will issue right shares at a ratio of 1:0.6989 to the current paid-up capital. Presently, the company has paid-up capital of Rs 1.83 billion.

The company will invest 52.48 percent of its current paid-up capital in Kasuwa Khola Hydropower Project. Similarly, the company will use the remaining 17.41 percent right share money to repay the bank’s debt.