Barun Hydropower Company Limited (BARUN) has decided in its recent Board of Directors meeting to issue 100% right shares, which means one additional share for every existing share. Currently, BARUN has 5,358,150 unit shares listed on the Nepal Stock Exchange (NEPSE) and a paid-up capital of Rs. 53.58 Crores. If the issuance of the right shares is approved by the regulatory bodies and endorsed at the upcoming Annual General Meeting (AGM), the paid-up capital will increase to Rs. 1.07 Arba.
Highlights:
- “Ngadi Group Power Limited Proposes 100% Rights Shares for Shareholders to Address Funding Requirements”
- United Modi Hydropower Limited (UMHL) Proposes 100% Right Share Issuance for Project Investment
- Buddha Bhumi Nepal Hydropower Proposes 150% Right Shares Increase
- “Balephi Hydropower to Issue 100% Right Shares After Amending Initial Proposal, Pending Regulatory Approval”
- “Ankhukhola Hydropower Plans to Issue 200% Right Shares Pending Approval from Electricity Regulatory Commission”