Khani Khola Hydropower Company Proposes to Issue Right Shares in the Ratio of 1: 1

According to the decision of the Board of Directors meeting of Khani Khola Hydropower Company Limited (KKHC), the company has decided to issue right shares in the ratio of 1:1 or 100% right shares.

The meeting of the board of directors held on Bhadra 24 has decided to issue the 100% right shares on the paid-up capital of Rs. 46.57 Crores. Hence, after the issue of 4,657,143 units of right shares, the paid-up capital of the company will be revamped to Rs. 93.14 Crores.

The company plans to issue right shares to repay bank loans, However, it is important to note that the issuance of these right shares is contingent upon receiving approvals from both the regulatory bodies, namely the Electricity Regulatory Commission and the Securities Board of Nepal (SEBON).

KKHC closed at Rs. 164 yesterday.