Sagarmatha Jalabidhyut Company to Issue 1:1 Right Share
June 10, 2025 | Investopaper
Sagarmatha Jalabidhyut Company Limited (SMJC) is planning to sell right shares to the shareholders. The company had decided to issue right shares in the ratio 1:1. This means that shareholders’ with 100 shares can apply for the additional 100 right shares.
For this purpose, the company has submitted the application to the Securities Board of Nepal (SEBON) on Jestha 22, 2082 BS seeking permission to float the shares. Only after the approval from the regulatory body SEBON, the company can sell shares to the public.
The company has received the permission from Electricity Regulatory Commission.
The hydropower company has already approved the agenda of issuing right shares from its 3rd Annual General Meeting to be held on Poush 25, 2080 BS.
As of Chaitra’s end 2081 BS, Sagarmatha Jalabidhyut Company Limited has a paid-up capital of Rs. 117.32 crores. Hence, the company has plans to float 1,17,32,000 shares in the right offering. At a par value of Rs 100, the right issue amounts to Rs 117.32 crores.
After the right issue, the paid-up capital will reach Rs. 234.64 crores.
Sagarmatha Jalabidhyut Company Limited is currently operating a 9.6 MW Super Mai A Hydropower Project in Illam district. since Jestha 32, 2077 BS.
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