Kathmandu. KATHMANDU: Nepal Hydropower Company Limited (HYDROPOWER) is issuing 100% right shares of its current paid-up capital.

The company will be issuing and selling right shares from April 22. The company is issuing 1 unit of right shares in the ratio of 1:1 for the existing paid-up capital. The company is issuing 4 million units of right shares worth Rs 400 million at a price of Rs 100 per share.

The company has closed the book on February 1 for the purpose of issuing right shares. Shareholders who have remained in power till February 29 can apply for the right shares. Applications for the right shares can be submitted till April 27, 2083.

NIC ASIA Capital has been appointed as the issue manager for the right issue. The interested bidders can bid for the shares from Thaprek, Nuwakot and Biratnagar, Birgunj, Narayanghat, Pokhara, Butwal, Nepalgunj, Dhangadhi and Surkhet branch of NIC Asia Bank. Similarly, the applicants can apply from banks and financial institutions that have taken the services of Securities Board of Nepal (SEBON) and Mero Shares.

Presently, the company has paid-up capital of Rs 40 crore. After the right issuance, the paid-up capital of the company will reach above Rs 80 crore.