Kathmandu. Barun Hydropower Company Limited has received approval from the Securities Board of Nepal to issue 100 percent right shares. The board had on May 12 allowed the company to issue right shares in the ratio of 1:1 of the existing paid-up capital.
The company will now sell a total of 5,358,150 units of right shares worth Rs 535.81 million at a face value of Rs 100.
RBB Merchant Banking Limited is the issue and sale manager of Barun Hydropower.
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