Ghalemdi Hydro will issue 200% rights shares

ByParas KC

Kathmandu: Ghalemdi Hydro Limited (GHL) is going to issue 200 percent rights shares.

The company is going to issue right shares in the ratio of 1 equal to 2 to invest in the Chhujung Khola Hydropower project in Sankhuwasabha promoted by Sangrila Energy Pvt.

The meeting of the Board of Directors held on Poush 8 has decided to apply to the Electricity Regulatory Commission for the issuance of rights for that purpose and after obtaining the permission, it will be approved by the next annual general meeting.

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