Dordi Khola Hydropower And Rapti Hydro Limited Receives Final Approval from ERC to Issue 100% Right Shares

The Electricity Regulatory Commission has given final approval to Dordi Khola Hydropower Company Limited (DORDI) to issue the right shares in the ratio of 1: 1 for its shareholders.

The Board of Directors (BOD) meeting of the company held on Bhadra 8 has decided to issue 1:1 or 100% right shares. DORDI currently has 10,542,604 unit shares listed in the Nepal Stock Exchange (NEPSE) and maintains a paid-up capital of Rs. 1.05 Arba. After the issuance of 100% right shares, the paid-up capital will increase to Rs. 2.10 Arba.

However, the company will issue the right shares to its shareholders only after the approval of SEBON. DORDI closed at Rs. 461.20 yesterday.

Similarly, The Electricity Regulatory Commission has given final approval to Rapti Hydro & General Construction Limited (RHGCL) to issue the right shares in the ratio of 1: 1 for its shareholders.

The Board of Directors (BOD) meeting of the company held on Bhadra 29 has decided to issue 1:1 or 100% right shares. RHGCL currently has 6,127,938 unit shares listed in the Nepal Stock Exchange (NEPSE) and maintains a paid-up capital of Rs. 61.27 Crore. After the issuance of 100% right shares, the paid-up capital will increase to Rs. 1.22 Arba.

However, the company will issue the right shares to its shareholders only after the approval of SEBON. RHGCL closed at Rs. 297.00 yesterday.