Right Shares of Singati Hydro Energy Added in SEBON Pipeline; Company to Issue 100% Right Share

The Securities Exchange Board of Nepal (SEBON) has added the right shares of Singati Hydro Energy Limited (SHEL) to its pipeline under preliminary review.

The hydropower company is looking to issue 100% right shares worth Rs. 1.45 Arba through the issue of 14,500,000 (1: 1) units of right shares to its existing shareholders. The current paid-up capital of the company is Rs. 1.45 Arba. After the adjustment of the proposed right share, the paid-up capital of the company will increase to Rs. 2.9 Arba.

The hydropower company claims that the decision to issue the right shares has been taken to generate income for investment into other companies as well as for debt clearance.

Kumari Capital is appointed as the issue manager. The application was submitted to the board on Ashad 27, 2080.