Balephi Hydropower Limited (BHPL) has received approval from the Securities Board of Nepal (SEBON) for its rights offering. The company plans to issue 18,279,701 units of right shares at a 1:1 ratio, which will raise capital equivalent to Rs. 1.82 Arba. Following this issuance, the company’s paid-up capital will rise from its current Rs. 1.82 Arba to Rs. 3.65 Arba.
NIMB Ace Capital Limited has been appointed to manage this offering. At the time of this announcement, BHPL shares were trading at Rs. 670, reflecting positive market sentiment towards the company’s growth prospects through this capital raise.
