Balephi Hydropower Limited Proposes to Issue 100% Right Shares

According to the decision of the Board of Directors meeting of Balephi Hydropower Limited (BHL), the company has proposed to issue right shares in the ratio of 1:1 or 100% right shares.

The board of directors' meeting held on Shrawan 20, 2082, decided to issue 100% right shares with a paid-up capital of Rs. 3.65 Arba. Hence, after the issue of 36,559,400 units of right shares, the company's paid-up capital will increase to Rs. 7.31 Arba.

However, it is important to note that the issuance of these rights shares is contingent upon receiving approvals from the Annual General Meeting (AGM).

BHL closed at Rs. 211.29.