The company sought approval to issue 147 percent right shares to its existing shareholders. The company has already obtained approval from Electricity Regulatory Commission for the issue.
The company is planning to issue 9,535,760.99 right shares worth Rs 953.5 million at a ratio of 1:1.47.
The company has appointed Muktinath Capital as its issue manager.
Electricity Regulatory Commission approved the right shares on May 2.