Dordi Khola Hydropower Company Limited (DORDI) has proposed to issue 100% rights shares to its shareholders.
The meeting of the board of directors held on Bhadra 28 has decided to issue the 100% right shares on the paid-up capital of Rs. 1.05 Arba. Hence, after the issue of 10,542,604 units of right shares, the paid-up capital of the company will be revamped to Rs. 2.11 Arba.
Note that the issuance of the right shares is contingent upon approval from the Electricity Regulatory Commission and subsequent endorsement at the company's upcoming Annual General Meeting (AGM).
As of September 13, the last trading price of DORDI shares was Rs 212.