30 companies seek SEBON approval for Rs 40.15 billion rights shares
Summary
Thirty companies listed on NEPSE have sought SEBON approval to issue rights shares worth Rs 40.15 billion. Hydropower firms account for the largest share of the proposed issues, with Sahas Urja Limited seeking the biggest offering among them.
Key Points
- Thirty companies listed on the Nepal Stock Exchange have applied to SEBON for approval to issue Rs 40.15 billion in rights shares.
- The proposed issues total 401.47 million shares and span hydropower, insurance, investment, manufacturing, tourism, and banking sectors.
- Hydropower companies alone account for about Rs 20.82 billion worth of the proposed rights issues.
- Sahas Urja Limited has sought approval for the largest hydropower rights issue, valued at around Rs 4.57 billion.
