Sanima Mai Hydro Power to issue 100% right shares

The BOD’s meeting of Sanima Mai Hydro Power (SMHP) held on Asad 8, has proposed to issue 100% right shares i.e. at 1:1 ratio, to its shareholders.

The proposal is subject to approval from the upcoming Annual General Meeting of the company. SMHP paid up capital is 1.5 billion, and if it issue the proposed right shares, its paid up capital will reach to NRs. 2.1 billion. The SMHP project is in construction phase under the supervision of Sanima Hydro and Engineering Private Limited.