Balephi Hydropower Limited has announced that it will bring 100% rights shares to raise money for its new hydropower project.
The decision was made during the company’s board meeting on Shrawan 20. The fund will be used to invest in the 188 MW Surke Dudhkoshi Hydropower Project.
Share distribution plan
The company currently has a paid-up capital of Rs 3.65 billion. It plans to issue the same number of rights shares 36.55 million shares priced at Rs 100 each.
Under the plan, shareholders will get one rights share for every one share they already own (1:1 ratio).
This proposal will be presented for approval in the company’s upcoming annual general meeting.
