Barun Hydropower Company Proposes to Issue 100% Right Shares; Decision Subject to Approval from ERC

The Board of Directors (BOD) meeting of Barun Hydropower Company Limited (BARUN) 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, it's important to note that the decision to issue the right shares is subject to approval from the concerned regulatory bodies. Additionally, the endorsement of this decision will be sought at the upcoming Annual General Meeting (AGM) of the company.

Earlier, BARUN issued 100% rights shares to its shareholders from 6th Bhadra to 26th Bhadra, 2079.