Radhi Bidyut Company Limited Proposes to Issue 69.89% Right Shares; Approval Received from ERC

According to the decision made during the Board of Directors meeting of Radhi Bidyut Company Limited (RADHI), the company has proposed to issue right shares in the ratio of 1:0.6989, equivalent to 69.89% of its existing paid-up capital.

The board meeting approved the issuance of 69.89% right shares based on the current paid-up capital of Rs. 1.83 Arba. These rights shares have already received approval from the Electricity Regulatory Commission. However, the final issuance is subject to approval from the Securities Board of Nepal (SEBON).

As of the latest market close, RADHI's share price stood at Rs. 639.00.