Joshi Hydropower Development Company Limited has officially received approval from the Securities Board of Nepal (SEBON) to issue right shares in a 1:0.65 ratio. This means existing shareholders will get 65 additional shares for every 100 shares they currently hold.
Key Details of the Right Share Issuance
- Right Share Ratio: 1:0.65
- Total Registered Shares: 6,228,100
- Right Shares to be Issued: 2,414,100
- Issue Size: Rs. 241,410,000
- Approval Date: 2082/02/26
- Issue Manager: Laxmi Capital Market Limited
About Joshi Hydropower
This right share issuance will help the company raise capital to support its ongoing and future hydropower projects. The move is expected to strengthen the company’s financial base and expand its presence in Nepal’s growing energy sector.
