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Butwal Power cancels FPO issuance process

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Kathmandu. Butwal Power Company has decided to issue rights shares by canceling the process of further public offering (FPO). The company’s board of directors meeting held on Chaitra 22 has decided to cancel the FPO issuance process and issue rights shares.

The company was earlier in the process of approval to issue 10 million FPO shares at a premium price of Rs. 100 per share. The company has now decided to issue 40 percent of the current paid-up capital by canceling that process.

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