Ankhukhola Hydropower Company Receives Preliminary Approval from ERC to Issue Right Shares at the Ratio of 1: 1
Summary
Ankhukhola Hydropower Company Limited has received preliminary approval from the Electricity Regulatory Commission to issue 1:1 right shares. The company plans to raise capital to finish construction of its project and cover outstanding construction expenses, pending final approval from SEBON.
Key Points
- Ankhukhola Hydropower Company Limited has received preliminary approval from the Electricity Regulatory Commission for a 1:1 rights offering.
- The company plans to issue 100% right shares on its paid-up capital of Rs. 2 arba, which would raise the paid-up capital to Rs. 4 arba after the issue.
- The funds will be used to complete construction of the hydropower project and pay outstanding construction-related expenses.
- The right shares will be issued only after approval from SEBON.
