Kathmandu. 4 hydropower companies listed in Nepal Stock Exchange (NEPSE) are going to issue rights shares. These companies are about to issue rights shares to raise investment capital for their other projects. So far, the largest Upper Tamakoshi, Arun Kaveli Power, Himal Dolakha Hydropower and Radhi Hydropower Company are about to issue rights.

Upper Tamakoshi is currently about to issue 1:1 ratio of paid up capital i.e. 100 percent right shares. Tamakoshi has already passed the rights proposal in the General Assembly, but it is yet to get permission from the Electricity Regulatory Authority and the Securities Board.

Currently, the paid-up capital of Tamakoshi, which is 10.59 billion rupees, will reach 21.18 billion rupees after the rights issue. Similarly, Arun Kabeli is currently going to issue 100 percent right shares of the paid-up capital. The company is going to issue rights worth Rs 1 billion 85 crore 51 lakh at the rate of Rs 100 per share.

The company has already received permission from the Electricity Regulatory Commission for the issuance of rights, but it is yet to be obtained from BARD. Currently, the paid-up capital of Arun, which is 1.85 billion 52 million rupees, will reach 3.71 billion rupees after the rights issue. Similarly, Himal Dolakha is currently going to issue 75 percent of its paid-up capital i.e. 12 million shares. The company is about to issue rights worth Rs 1.2 billion at a rate of Rs 100 per share.

This company has also received the permission from the commission and is yet to get the permission from the Bard. Currently, the company's paid-up capital is 1.6 billion rupees, after the rights issue, it will reach 2.8 billion rupees. Similarly, Radhi Hydropower Company currently has a fixed paid-up capital of 147. Percent rights issue is going to be done. The company is going to sell 95 lakh 35 thousand 760.99 thousand right shares equal to 95 crore 35 lakh 76 thousand 900 rupees at the rate of 100 rupees per share.

The company has received approval from both the commission and the board for the issue of rights. The company has also closed the books on 12th August for the purpose of vesting. Radhi's paid-up capital, which is currently Rs 64.64 crore, will reach Rs 1.6 billion after the rights issue.