NEPSE adjusted the stock price at Rs 124.87 after adjusting 200 percent right shares. The last trading price of the stock was Rs 174.60 per unit on October 19.
The company is issuing 11 million units right shares at a face value of Rs 100. It has appointed Muktinath Capital as issue manager.
As per the company, it is issuing the right shares in a bid to maintain at least 51 percent ownership in Chujung Khola Jalvidhyut Project being developed in Sankhuwasabha by Sangrila Urja Pvt. Ltd.
