Barun Hydropower Company (BARUN) Receives Final Approval from ERC to Issue 100% Right Shares
Mon, Aug 28, 2023 10:32 AM on Latest, Dividend, Bonus & Rights,
The Electricity Regulatory Commission has given final approval to Barun Hydropower Company Limited (BARUN) to issue the right shares in the ratio of 1: 1 for its shareholders.
The Board of Directors (BOD) meeting of the company held on Ashad 12 has decided to issue 1:1 or 100% right shares. BARUN currently has 5,358,150 unit shares listed in the Nepal Stock Exchange (NEPSE) and maintains a paid-up capital of Rs. 53.58 Crores. After the issuance of 100% right shares, the paid-up capital will increase to Rs. 1.07 Arba.
However, the company will issue the right shares to its shareholders only after the approval of SEBON. BARUN closed at Rs. 211.90 yesterday.
