Electricity Regulatory Commission approved the company to issue 1:2 right shares.
Gokarna Raj Pantha, Secretary of ERC informed that the commission approved right issue of the company on June 28.
The company is issuing the right shares in a bid to maintain 51 percent ownership in Chunjung Khola Hydropower Project of Sankhuwasabha promoted by Sangrila Urja Pvt. Ltd.
The board of directors meeting of the company held on December 23 decided to approve the right issue.
The company will issue the right shares after it obtains approval from SEBON.
