Barahi Hydropower Limited Receives Final Approval from ERC to Issue 100% Right Shares

The Electricity Regulatory Commission has given final approval to Barahi Hydropower Public Limited (BHPL) to issue the right shares in the ratio of 1: 1 for its shareholders.

The hydropower company proposed to issue 100% right shares on the paid-up capital of Rs. 25 Crores. After the adjustment of the proposed right share i.e. 2,500,000 units, the paid-up capital of the company will increase to Rs. 50 crores.

The company is issuing the right shares to construct the Simkosh Khola Hydroelectric Project (3.45 MW) and Lower Theule Khola Hydropower Project (0.75 MW) owned by the company.

However, the company will issue the right shares to its shareholders only after the approval of SEBON.

BHPL closed at Rs. 479.00.