Right Shares of Joshi Hydropower Company Added in SEBON Pipeline; Company to Issue 65% Right Share

The Securities Exchange Board of Nepal (SEBON) has added the right shares of Joshi Hydropower Development Company Limited (JOSHI) to its pipeline under preliminary review.

The hydropower company is looking to issue 65% right shares worth Rs. 24.14 Crores through the issue of 2,414,100 (1: 0.65) units of right shares to its existing shareholders. The current paid-up capital of the company is Rs. 37.14 Crore. After the adjustment of the proposed right share, the paid-up capital of the company will increase to Rs. 61.28 Crore.

Laxmi Capital Market Limited is appointed as the issue manager.