Kathmandu. Barun Hydropower Company Limited has received approval to issue right shares. The Nepal Securities Board (NSB) has given approval for the rightful eviction of Hydropower in the ratio of 1: 1 on Wednesday. The company will issue 26.78 million shares at a face value of Rs. 267.9 million. After the approval of the Electricity Commission, the company had applied to the Nepal Securities Board for rightful eviction.
The current paid up capital of the company is 267.9 million. After the adjustment of right shares, the paid up capital of the company will reach 535.8 million. NIBL S Capital Limited has been appointed as the sales manager of the company.