Buddha Bhumi Nepal Hydropower Receives Approval for 1:1 Right Share Issuance

HomeHydro Power News

Buddha Bhumi Nepal Hydropower Receives Approval for 1:1 Right Share Issuance

Buddha Bhumi Nepal Hydropower Receives Approval for 1:1 Right Share Issuance, here are the Key Details: Detail Information Approval Autho

To discuss the IPO release Jhyamolongma Hydropower Called AGM
United IDI Mardi and RB Hydropower Limited Lists Bonus Shares on NEPSE
Ridi Power Resumes 9.9 MW Iwakhola Hydroelectric Project After Flood Repairs

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).

You may also like: