65% Right Shares of Joshi Hydropower Development Company Limited Approved By SEBON
Tue, Jun 10, 2025 10:13 AM on Latest, Dividend, Bonus & Rights,
The Securities Board of Nepal (SEBON) has approved the rights offering proposal of Joshi Hydropower Development Company Limited (JOSHI).
The company will be issuing 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 is Rs. 37.14 Crores. After the adjustment of the proposed right share, i.e., 2,414,100 units, the company's paid-up capital will increase to Rs. 62.28 crores.
Laxmi Capital Market Limited is appointed as the issue manager.
As of writing, JOSHI closed at Rs. 395.44.
