Maya Khola Hydropower Company Limited Receives Preliminary Approval from ERC to Issue Right Shares at the Ratio of 1: 1

Maya Khola Hydropower Company Limited (MKHC) has received preliminary approval from the Electricity Regulatory Commission to issue a 1:1 rights offering.

The hydropower company proposed to issue 100% right shares on the paid-up capital of Rs. 1 Arba. After the adjustment of the proposed right shares, i.e., 1,00,00,000 units, the paid-up capital of the company will increase to Rs. 2.00 arba.

The company is issuing the right shares to complete the construction of the hydropower project and to pay other outstanding construction-related expenses.

The company will issue the right shares to its shareholders only after the approval of SEBON. As of writing, MKHC has an LTP of Rs. 250.00.