Balephi Hydropower (BHL) Modifies Right Shares Rates From Prior 50% To 100% Right Shares

The right share ratio of Balephi Hydropower Limited (BHL) has been changed from 50% to 100%.

The meeting of the board of directors of Balephi Hydropower (BHL) held on Shrawan 02, 2080 has decided to issue 100% right shares on the paid-up capital of Rs. 1.82 Arba. After the issuance of 100% right share, the paid-up capital of the company will reach Rs. 3.64 Arba.

Earlier the BoDs meeting held on Falgun 12 decided to submit a proposal to issue rights shares in the ratio 1: 0.50. However since the amount generated from 50% right shares would not have been sufficient enough to pay off the loan taken from the banks, the company has now proposed to issue right shares in the ratio of 1: 1. 

Note that the right shares will be issued only after approval from the Securities Board of Nepal (SEBON) and endorsement by the company's upcoming AGM.