Supermai Hydropower Receives Preliminary Approval from Electricity Regulatory Commission to Issue Rights Shares
Supermai Hydropower has received preliminary approval from the Electricity Regulatory Commission to issue rights shares at a ratio of 1:0.9252. The company plans to issue rights shares equivalent to 92.52 percent of its paid-up capital, amounting to Rs 594 million.
Kathmandu. Supermai Hydropower has received preliminary approval from the Electricity Regulatory Commission to issue rights shares. The Commission granted this approval to the company on October 10 (Asoj 23).
The Commission has permitted the company to issue rights shares at a ratio of 1:0.9252, meaning 92.52 percent of its current paid-up capital.
The company's current paid-up capital stands at Rs 642 million. Based on this, the company will issue rights shares worth Rs 594 million.
With the preliminary approval in hand, the company will now proceed with the further process of issuing the rights shares.