Ghalemdi Hydropower Obtains Approval to issue 200% Right Shares

Oct 08, 2023 12:28 PM Merolagani

Ghalemdi Hydropower has obtained approval from Securities Board of Nepal (SEBON) to issue 200 percent right shares.

The company already obtained approval from the Electricity Regulatory Commission to issue 1:2 right shares.

The company is issuing the right shares in a bid to maintain at least 50 percent ownership in Chujung Khola Jalvidhyut Project being developed in Sankhuwasabha by Sangrila Urja Pvt. Ltd.

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