Barahi Hydropower Appoints Issue Manager for 1: 1 Rights Offering

Barahi Hydropower Public Limited (BHPL) has appointed Muktinath Capital Limited as the issue manager for its upcoming rights issue.

The hydropower company will be issuing 100% right shares worth Rs. 25 crore through the issue of 25,00,000 (1: 1) units of right shares to its existing shareholders. The current paid-up capital of Rs. 25 Crores. After the adjustment of the proposed right share i.e. 25 lakh units, the paid-up capital of the company will increase to Rs. 50 crore.

The company is issuing the right shares to construct the Simkosh Khola Hydroelectric Project and the Lower Theule Khola Hydropower Project owned by the company.