KATHMANDU, Aug 10: Four companies listed in the Nepal Stock Exchange (NEPSE) have opened right shares issuance for their shareholders, while 11 others have been looking forward to receiving the regulator’s approval.
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Out of the four that have received the go ahead from the Securities Board of Nepal (SEBON); three are hydropower companies while one is an insurer. Joshi Hydropower, Barun Hydropower, People’s Power Limited and Nepal Insurance Company have opened their right shares for subscription.
Likewise, five hydropower companies, four insurance companies and one each in investment and manufacturing and processing groups have been waiting for the SEBON’s approval to float their right shares. These companies have sought to issue right shares worth over Rs 5.70 billion for their shareholders.
