Singati Hydro Energy to issue 100 percent right shares
Jan. 1, 2024, 10:54 a.m.
KATHMANDU, JANUARY 1: Singati Hydro Energy Limited is issuing the right shares in the ratio of 1:1 to its shareholders. A few days back, the Securities Board of Nepal (SEBON) permitted the company to issue 14.5 million units of such shares.
After the proposed right issuance, the paid-up capital of the company will reach Rs 2.90 billion. Currently, 1.45 million shares of SHEL are listed on the Nepal Stock Exchange.
The Singati River hydropower project, run by the company has a capacity of producing 25 megawatts of power. The project, located in Dolakha, began commercial production on August 1, 2021.
SEBON issues new guideline on financial activities
MetLife unveils new program
Surya Jyoti Life Insurance indulged in money laundering and regulatory v…
NIMB Ace Capital appointed as Issue Manager of Shree Sasha Engineering …
Gross foreign exchange reserves hit 5 -year high of Rs 1967 billion
Litmus Industries, Avasar Equity Diversified Fund ink deal
Credit will be mobilised in productive sector: Finance Minister Pun
Feedback