Himalayan Hydropower to Issue 1:1 Right Share
May 13, 2025 | Investopaper
Himalayan Hydropower Limited (HHL) is planning to sell right shares to the shareholders.
The company has 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 Electricity Regulatory Commission (ERC) seeking approval for right offering. .
As of Chaitra’s end 2081 BS, Himalayan Hydropower Limited has a paid-up capital of Rs. 109.50 crores. Hence, HHL has plans to float 109.50 lakh shares in the right offering. At a par value of Rs 100, the right issue amounts to Rs 109.50 crores.
After the pre-approval from ERC, the company needs endorsement from the general meeting (AGM/SGM). Then the company has to appoint the issue and sales manager for the right offering. After that, it should submit the application to the Securities Board Of Nepal (SEBON) seeking permission to float the shares. Only after the approval from the regulatory body SEBON, the company can sell shares to the public.
After the right issue, the paid-up capital will reach Rs. 219 crores.
The company is currently operating a 12 MW Namarjun Madi Hydropower Project. The project is run of the river at Madi river of Kaski. The project generates 66.342 Gwh of electricity annually.
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