Electricity Regulatory Commission grants pre-approval to Rapti Hydro for rights share issuance
The Electricity Regulatory Commission has granted pre-approval to Rapti Hydro and General Construction to issue a 25.15 percent rights share of its current paid-up capital. The company will now proceed with further processes for the rights share issuance.
The Electricity Regulatory Commission has granted pre-approval to Rapti Hydro and General Construction to issue rights shares. The Commission has approved the company to issue rights shares at a ratio of 1:0.2515 of its current paid-up capital, equivalent to 25.15 percent.
The company's current paid-up capital stands at Rs 1 arba 22 crore 55 lakh 87 thousand 600. Based on this paid-up capital, the Commission has granted pre-approval to issue a total of 3 million 81 thousand 262 units of rights shares with a face value of Rs 100 each.
The company will now proceed with further processes for the issuance of rights shares.