Buddha Bhumi Nepal Hydropower Company Limited (BNHC) has announced its intention to issue right shares at a ratio of 1:1.50 or 150%, as decided during the recent Board of Directors meeting.
The meeting, held on Poush 20, 2080, endorsed the issuance of 150% right shares on the company’s paid-up capital of Rs. 40 Crore. Following this decision, upon the issuance of 60,00,000 units of right shares, the company’s paid-up capital is slated to increase to Rs. 1 Arba.
However, it’s imperative to highlight that the issuance of these right shares is subject to approvals from regulatory bodies, including the Electricity Regulatory Commission and the Securities Board of Nepal (SEBON).
BNHC concluded trading at Rs. 448.20.