Kathmandu. Hydroelectricity Investment and Development Company (HIDCL) has received permission from the Nepal Securities Board to issue 100% of its shares.

The company has applied to the board for rightful eviction on March 27.

 The board has set a target of Rs. In the ratio of 1 to 1 at the face value of Rs. Permission has been given on May 22 for the issuance of 110 million shares equal to Rs 11 billion. Currently, the company's paid-up capital is Rs. 16.50 billion. Global IME Capital Limited is the manager of the sale of these rights shares.