Singati Hydro to issue 100% Right Shares

May 31, 2023 11:30 AM Merolagani

Singati Hydro Energy is set to issue 100 percent right shares.

The company is planning to issue 1:1 right shares to its shareholders.

 The board of directors meeting of the company held on May 31 decided to issue the right shares. According to the company, the fund, thus, accumulated will be mobilized to invest in other hydropower projects and to pay loans.

The right issue will be issued after the proposal gets approved by regulatory body and upcoming AGM.

 

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