Kathmandu. The right shares worth Rs 13.83 billion are in the pipeline in the Securities and Exchange Board.

The hydropower investment and development company has the highest number of rights to be issued by six companies. The company

The Securities and Exchange Board of Nepal (SEB) is in the pipeline to issue 110 million shares in the ratio of 1.1. The company had applied to the board for permission to issue 100 percent rights shares on July 15, 2008. So far, the rights have not been released with the permission of the board.

Mr. Ram Sugar Mills has been in the pipeline of the board for the longest time. Mills had applied for the issue of 89 lakh 3 thousand 949 shares in the ratio of 1: 3 on April 11, 2008. It is still in the board's pipeline.

In the right-of-way pipeline, applications have been made for 16 lakh 6 thousand 664 shares in the ratio of 10: 3 of Nagdi Group Power.

Similarly, Nepal Finance has applied to the board for issuance of 125 percent rights shares.

Finance has sought permission from the Securities and Exchange Board to sell 1,697,506.25 shares in the ratio of 1: 1.25. The rights will be issued after the board gives permission.

Similarly, the Citizens Investment Fund is also going to issue right shares in the ratio of 1: 0.8284.

Those who have 100 shares in the fund will get 82 shares. The fund is about to issue 1,35,92,592 shares equal to Rs 1.35 billion. Similarly, Barun Hydropower Company has also applied to the board for permission to issue right shares in the ratio of 1: 1.

Instead, it is going to issue 100 percent rightful shares in the ratio of 1: 1. Instead, it is going to sell 551,500 shares equal to 255.15 million rupees.