RHGCL and DORDI Receive Final Approval for Right Shares by Electricity Regulatory Commission, Await SEBON's Nod

The Electricity Regulatory Commission has granted final approval to Rapti Hydro & General Construction Limited (RHGCL) and Dordi Khola Hydropower Company Limited (DORDI) for the issuance of the right shares. The approval given on Kartik 19, will allow both companies to offer the right shares to their respective shareholders in a ratio of 1:1.

RHGCL's board of directors, in a meeting held on Bhadra 29, resolved to issue 100% right shares based on the paid-up capital of Rs. 61.27 Crores. With this decision, the issuance of 6,127,938 units of right shares will elevate the company's paid-up capital to Rs. 1.22 Arba upon completion.

Similarly, DORDI's board of directors, in a meeting convened on Bhadra 28, also decided to issue 100% right shares based on the existing paid-up capital of Rs. 1.05 Arba. This move will result in the issuance of 10,542,604 units of right shares, ultimately revising the paid-up capital of the company to Rs. 2.11 Arba once the process is concluded.

It's important to note that both RHGCL and DORDI will proceed with the issuance of the right shares exclusively after obtaining the requisite approval from the Securities Board of Nepal (SEBON).

The last traded price of both RHGCL and DORDI stands Rs 209.1 and Rs 207 respectively.