Securities Exchange Board of Nepal (SEBON) has added right shares of two companies to its pipeline under preliminary review, worth a total of Rs. 1.32 Arba.

One amongst the two companies is Ngadi Group Power Limited (NGPL). The hydropower company is looking to issue 150% right shares worth Rs. 1.06 Arba through issue of 10,603,986 (1 :1.5) units right shares to its existing shareholders. The current paid up capital which is at Rs. 70,69,32,400 crore as of the second quarter of FY 77/78, will increase to Rs. 1.77 Arba after the proposed issue.

Siddhartha Capital is appointed as the issue manager.

Ngadi Group Power Limited began as a private limited business in February 2006 and was changed to a public limited…


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