Buddha Bhumi Nepal Hydropower Receives Approval for 1:1 Right Share Issuance, here are the Key Details: Detail Information Approval Autho
Buddha Bhumi Nepal Hydropower Receives Approval for 1:1 Right Share Issuance, here are the Key Details:
| Detail | Information |
| Approval Authority | Electricity Regulatory Commission |
| Right Share Ratio | 1:1 |
| Board Meeting Date | Poush 20, 2080 |
| Approved Right Share Percentage | 100% |
| Proposed Right Share Percentage | 150% |
| Paid-up Capital Before Issue | Rs. 40 Crore |
| Units to be Issued | 40,00,000 units |
| Paid-up Capital After Issue | Rs. 80 Crore |
| Share Price (As of Yesterday) | Rs. 601.70 |
The Electricity Regulatory Commission (ERC) has given Buddha Bhumi Nepal Hydropower Company Limited (BNHC) final authority to issue the right shares to its shareholders at a 1:1 ratio.�
This decision was made at a board of directors meeting on Poush 20, 2080. Initially, the board suggested issuing 150% right shares based on the company’s paid-up capital of Rs.40 crore. However, the regulatory commission only approved 100% right shares.
This permission will result in the issuing of 400,000 new units, doubling the company’s paid-up capital to Rs. 80 crore. The right share issuance is still subject to clearance by the Securities Board of Nepal (SEBON).
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