Electricity Regulatory Commission Approves Mai Khola Hydropower's 100% Right Share Issuance

Mai Khola Hydropower Limited (MKHL) has received final approval from the Electricity Regulatory Commission to issue the right shares in the ratio of 1: 1 or 100% for its shareholders.

The meeting of the board of directors of Mai Khola Hydropower (MKHL) held on Chaitra 08, 2081 decided to issue 100% right shares on the paid-up capital of Rs. Rs. 31.21 Crores according to the instructions of the regulatory body.

The current paid-up capital of the company is Rs. 31.21 Crores which will reach Rs. 62.43 Crores after the issuance of the aforementioned right shares.

Note that the company will issue the right shares to its shareholders only after approval from SEBON.

As of writing, MKHL has an LTP of Rs. 702.15.