Great news for investors! Shiva Shree Hydropower Company Limited (SSHL) has received approval from the Securities and Exchange Board of Nepal (SEBON) to issue rights shares. This is a significant development for the company and a promising opportunity for shareholders.
The rights issue is set at a 1:1 ratio, meaning that for every share an investor currently holds, they will be entitled to one new share. This represents a 100% rights share offering, effectively doubling the investor’s stake (with additional investment) in the company.
This announcement from SEBON is a positive signal, reflecting confidence in Shiva Shree Hydropower’s future prospects. Rights shares are often viewed favorably by investors because they provide a chance to increase their holdings at a potentially discounted price. This can lead to increased stock in the company.
For those interested in Nepalese stock market news, this is definitely one to watch. Keep an eye on official stock market announcements and financial news outlets for further updates regarding the rights share issuance, including the record date, offer price, and the timeline for shareholder participation. This rights share is a great opportunity for investment within the hydropower sector. The market will be looking at how SSHL uses this new capital to fuel its future growth.
