SEBON Approves 75% of Himal Dolakha Hydropower Right Shares; Company to Issue 1.20 Crore Right Shares Soon

The Securities Board of Nepal (SEBON) has accepted Himal Dolakha Hydropower Company Limited’s (HDHPC) rights selling proposal for Baisakh 12, 2080.

The hydroelectric business would issue 75% right shares at Rs. 1.20 Arba to its current shareholders in the form of 1,20,00,000 (1: 0.75) units of right shares. The company’s current paid-up capital is Rs. 1.60 Arba. As a result, following the issuance of the right share in the ratio of 1:0.75, the company’s paid-up capital would be increased to Rs. 2.8 Arba.