Sahas Urja Limited Receives Preliminary Approval from ERC to Issue Right Shares at the Ratio of 1: 1
Summary
Sahas Urja Limited has received preliminary approval from the Electricity Regulatory Commission to issue 100% right shares to fund hydropower project construction and related expenses, potentially doubling its paid-up capital to Rs. 9.14 Arba.
Key Points
- Sahas Urja Limited received preliminary approval from the Electricity Regulatory Commission to issue right shares at a 1:1 ratio.
- The company plans to issue 45,738,000 right shares on the paid-up capital of Rs. 4.57 Arba.
- Issuing these right shares will increase the company's paid-up capital to Rs. 9.14 Arba.
- The funds from the right shares will be used to complete hydropower project construction and pay outstanding expenses.
