100% Right Shares of Buddha Bhumi Nepal Hydropower Approved By SEBON
Summary
Securities Board of Nepal has approved Buddha Bhumi Nepal Hydropower's proposal to issue 100% right shares worth Rs. 40 Crores, doubling the company's paid-up capital to Rs. 80 Crores.
Key Points
- SEBON approved the rights offering proposal of Buddha Bhumi Nepal Hydropower Company Limited.
- The company will issue 40 lakhs units of right shares at a 1:1 ratio to existing shareholders.
- The right shares are worth Rs. 40 Crores, doubling the paid-up capital from Rs. 40 Crores to Rs. 80 Crores.
- NIC Asia Capital Limited is appointed as the issue manager for this right share issuance.
