50% Right Shares of Himalayan Power Partner Limited Approved By SEBON
Summary
The Securities Board of Nepal has approved Himalayan Power Partner Limited's 50% rights share issuance, increasing its paid-up capital to Rs. 1.59 Arba.
Key Points
- Securities Board of Nepal has approved HPPL's rights offering proposal.
- HPPL will issue 50% right shares worth Rs. 53.27 crores.
- The company will issue 15,981,255 units of rights shares to existing shareholders.
- After the rights issue, HPPL's paid-up capital will increase from Rs. 1.06 Arba to Rs. 1.59 Arba.
