Rapti Hydro receives pre-approval from Electricity Regulatory Commission to issue right shares
Rapti Hydro and General Construction has received pre-approval from the Electricity Regulatory Commission to issue 25.15 percent right shares. The company will issue 3,081,262 right shares based on its current paid-up capital of Rs 1.225 billion.
Kathmandu. Rapti Hydro and General Construction has received pre-approval from the Electricity Regulatory Commission to issue right shares.
The Commission has granted pre-approval to the company to issue right shares in the ratio of 1:0.2515 of the current paid-up capital, i.e., 25.15 percent. The company's current paid-up capital stands at Rs 1,225,587,600.
Based on this paid-up capital, the Commission has granted pre-approval to the company to issue a total of 3,081,262 right shares with a face value of Rs 100.
Now the company will proceed with further procedures to issue the right shares.