SEBON has approved the 100% right share insurance of Shiva Shree Hydropower Limited (SSHL). This move aims to raise the company’s capital and provide more investment opportunities to existing shareholders.
100% Right Share to Existing Shareholders
The company plans to issue 14,764,000 units of right shares in a 1:1 ratio to its current shareholders. This means every shareholder will be eligible to apply for one additional share for every share they already own. The total value of the right shares is estimated to be Rs. 1.47 Arba.
Paid-Up Capital to Double
The current paid-up capital of SSHL is Rs. 1.47 Arba, which will increase to Rs. 2.95 Arba after the completion of the rights share issuance. This capital boost is expected to strengthen the company’s financial base and support its upcoming projects.
Citizens Capital Appointed as Issue Manager
Citizens Capital Limited has been appointed as the issue manager for this rights share offering. The company will handle the issuance process, ensuring a smooth and transparent operation for all involved shareholders.
Current Market Status
As of the latest trading session, Shiva Shree Hydropower Limited (SSHL) closed at Rs. 263.69 on the Nepal Stock Exchange (NEPSE).
