INTRODUCTION
Sayapatri Hydropower Limited (SPHL) has proposed a significant financial move by announcing the issuance of 100% right shares in a 1:1 ratio. This decision was approved during the company’s 76th Board of Directors meeting held on Mangsir 2, 2081.
Key Highlights:
- Paid-Up Capital Increase:
The company plans to issue 30,00,000 units of right shares, doubling its paid-up capital from Rs. 30 Crore to Rs. 60 Crore. - Fund Utilization:
Proceeds from this issuance will be directed toward:- Settling outstanding debts and liabilities.
- Maintenance and repair of the Dharam Khola ‘A’ Hydropower Project.
- Regulatory Approvals Required:
The issuance is subject to approvals from:- The Electricity Regulatory Commission.
- The Securities Board of Nepal (SEBON).
