Chhyangdi Hydropower (CHL) Proposes to Issue 150% Right Shares to the Shareholders

The decision of the 92nd meeting of the board of directors of Chhyangdi Hydropower Company Limited (CHL), held at 4:30 pm on Falgun 12, has decided to cancel the earlier decision of 40% issue of right shares, which was made at the meeting held on Poush 30, 2078.

Now the proposal to issue right shares in the ratio of 150% of the current paid- up capital i.e. 1:1.5 has been decided after receiving the approval from the regulatory bodies and the decision of the same will be submitted for approval in the next annual general meeting of the company.

The current paid-up capital of the company is Rs.38.69 Crores. Hence, after 150% right issue the paid-up capital of the company will be enhanced to Rs. 96.74 Crores.