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The Electricity Regulatory Commission (ERC) has given permission to Ankhukhola Hydropower to issue right shares.

nabil
global ime

Kathmandu. Ankhukhola Hydropower Company Limited has decided to start the process of issuing right shares in the ratio of 1:1.

The meeting of the Board of Directors of the company held on November 3 has decided to issue 100% right shares in the ratio of 1:1.TAG_OPEN_div_14

} The company has already signed investment agreements, agreed in principle to invest and is going to issue right shares for the purpose of investing in other suitable hydropower projects.

For this, the company has decided to apply to the Electricity Regulatory Commission for prior approval. After getting approval from the commission, the proposal regarding the issue of right shares will be submitted to the company’s next general meeting for approval.

The current paid-up capital of the company is Rs 2 billion. If the right shares are issued in the proposed 1:1 ratio, the company will issue additional shares worth Rs 2 billion.TAG_OPEN_div_8

Prabhu
sikhar insurance

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