Ghalemdi Hydro to Issue 200% Right Shares; Decision Subject to Approval from Electricity Regulatory Commission

Ghalemdi Hydro Limited (GHL) proposes to issue the 200% rights shares to its shareholders.

The BoD meeting of Ghalemdi Hydro held on Poush 20, 2079 has proposed to issue 1:2 right shares so that the company could invest at least 51% shares in the Chujung Khola hydropower project (63 M.W. PRoR) in Sankhuwasabha promoted by Shangrila Urja Pvt. Ltd. 

Note that the right shares will be issued only after approval from Electricity Regulatory Commission and endorsement by the company's upcoming AGM. 

The last trading price of GHL is Rs 209.90 traded on 22nd December.