During its 15th Annual General Meeting, Ankhukhola Hydropower approved a 150% increase in right shares for its current shareholders. The funds raised through these shares will be invested in the development of the 20 MW Ankhukhola Hydropower 2 project, which is currently being promoted by Ganesh Himal Hydropower Company. The company plans to allocate 60% of the funds to the Ankhukhola 2 project and utilize the remaining amount to repay its outstanding loans, according to a media statement.
Highlights:
- SEBON Approves 35% Right Shares of Multipurpose Finance Company; Issue of 15.82 Lakh Shares Imminent
- National Hydropower Company Adjusts Share Price as it Prepares to Issue Right Shares
- Chhyangdi Hydropower Company Limited Plans to Issue Right Shares
- Barun Hydropower Company Proposes 100% Right Shares; Approval Pending from ERC
- Arun Valley Hydropower Development Company (AHPC) Receives Final Approval for 1:1 Right Share Issuance