SEBON approves 100 percent right shares of Balephi Hydropower

KATHMANDU: The Securities Board of Nepal (SEBON) has sanctioned Balephi Hydropower Limited’s (BHPL) rights offering plan.

The company will be issuing 100% rights shares valued at Rs. 1.82 billion by offering 18,279,701 units of rights shares (1:1) to its current shareholders.

With a current paid-up capital of Rs. 1.82 billion, the company’s capital will rise to Rs. 3.65 billion following the proposed rights share issuance of 1.82 crore units.

NIMB Ace Capital Limited has been designated as the issue manager. At the time of writing, BHPL’s shares closed at Rs. 670.