Barun Hydropower To Float 1:1 Right Share

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Barun Hydropower Limited (BARUN) is planning to sell right shares in a 1:1 ratio to its shareholders, subject to approval from the Securities Board Of Nepal (SEBON). This move is part of the company’s effort to raise capital.

Key Points On Barun Hydropower Right Share

  • Barun Hydropower Limited (BARUN) is seeking permission from the Securities Board Of Nepal (SEBON) to sell right shares to its shareholders.
  • The company has already received permission from the Electricity Regulatory Commission for this purpose.
  • BARUN plans to float right shares in a 1:1 ratio, allowing shareholders with 100 shares to apply for an additional 100 shares.
  • RBB Merchant Banking Limited will serve as the issue and sales manager for the right offering.
  • Currently, BARUN has a paid-up capital of Rs. 53.58 crores and intends to sell right shares worth the same amount, which will double the paid-up capital to Rs. 107.16 crores.
  • Barun Hydropower is operating a 4.5 MW Hewa Khola Small Hydropower Project in Sankhuwasabha District.

About The Company – Barun Hydropower Company Ltd

– Barun Hydropower Company Ltd is involved in the development, ownership, and operation of hydroelectric projects in Nepal.
– The company was established in 2060 with a mission to contribute to Nepal’s hydropower development and bring prosperity to the nation.
– They are associated with the 4.5 MW Hewakhola Hydropower Project.
– Their goal is to maximize the utilization of water resources for the benefit of the people in Nepal.
– Barun Hydropower Company Ltd emphasizes the importance of hydropower in brightening the nation.

Also Read  Star Hospital To Float IPO Value 40 Crore | InvestorNepal

How To Contact The Barun Hydropower Company Ltd

You can visit Barun’s address at Anamnagar, Kathmandu.

You can email: barunhydro@gmail.com or info@barunhydro.com.np or call +977 01 5705159, 5705608, 9851312613.


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