Barun Hydropower Company Proposes 100% Right Shares; Approval Pending from ERC

Barun Hydropower Company Limited (BARUN) has decided in its recent Board of Directors meeting to issue 100% right shares, which means one additional share for every existing share. Currently, BARUN has 5,358,150 unit shares listed on the Nepal Stock Exchange (NEPSE) and a paid-up capital of Rs. 53.58 Crores. If the issuance of the right shares is approved by the regulatory bodies and endorsed at the upcoming Annual General Meeting (AGM), the paid-up capital will increase to Rs. 1.07 Arba.