Maya Khola Hydropower Company Limited Receives Preliminary Approval from ERC to Issue Right Shares at the Ratio of 1: 1
Summary
Maya Khola Hydropower Company Limited has received preliminary approval from the Electricity Regulatory Commission to issue right shares at a 1:1 ratio. The company plans to use the proceeds to complete construction of its project and cover outstanding construction-related expenses, pending final approval from SEBON.
Key Points
- Maya Khola Hydropower Company Limited received preliminary approval from the Electricity Regulatory Commission to issue 100% right shares at a 1:1 ratio.
- The issue is based on the company’s paid-up capital of Rs. 1 arba, which would rise to Rs. 2 arba after the rights offering.
- Proceeds will be used to finish construction of the hydropower project and pay remaining construction-related expenses.
- The company will issue the shares to existing shareholders only after receiving approval from SEBON.
