Butwal Power Company to Issue 10:4 Right Share
April 8, 2025 | Investopaper
Butwal Power Company Limited (BPCL) is planning to sell right shares to the shareholders.
The company has cancelled the Follow-on-Public Offering (FPO) and decided to float the right shares in the ratio 1:0.4 This means that the shareholders with 100 shares can apply for the additional 40 shares.
The company will take the agenda of issuing right shares to its General Meeting after receiving the permission from Electricity Regulatory Commission.
The hydropower company will begin the procedures for the right offering after the approval from the special general meeting.
As of Falgun’s end 2081 BS, BPCL has a paid up capital of Rs. 340.90 crores. Hence, the company has plans to sell 1,36,36,25.80 right shares worth Rs. 136.36 crores. After the right issue, the paid-up capital will reach Rs. 464.85 crores.
