Balephi Hydropower suggests issuing right shares in a 1:0.50 ratio. 1

Balephi Hydropower Limited (BHL) board of directors decided to submit a proposal for approval at the following annual general meeting of the company for the issuance of rights shares in the ratio of 1 equal to 0.5 from the current paid-up of Rs. 1.827 Arba. This decision was made at the board’s meeting on Falgun 12. Thus, the company’s enlarged paid-up capital following the right issuance at 50% will be Rs. 2.74 Arba.

Balephi Hydropower earlier this year sold 18,27,970 to general public at a price of Rs 18.27 crore.