Mandakini Hydropower Limited Proposes to Issue 66.39% Right Shares
Summary
Mandakini Hydropower Limited has received approval to issue 66.3955% right shares, increasing its paid-up capital to Rs. 1.07 Arba, to fund the Upper Sardi Khola Hydropower Project and pay off remaining loans.
Key Points
- Mandakini Hydropower Limited received approval from the Electricity Regulatory Commission to issue 66.3955% right shares.
- The company plans to increase paid-up capital to Rs. 1.07 Arba after issuing rights shares.
- Rs. 42.94 crore will be raised via the rights issue to invest in the Upper Sardi Khola Hydropower Project (2.9 MW).
- The project cost is Rs. 65.93 crore with Rs. 46.33 crore term loan approved from NMB Bank, requiring Rs. 19.59 crore equity investment.
