Three Star Hydropower Ltd. Proposed:1:1 Ratio Right Share.

Three Star Hydropower Ltd., a leading hydropower company in Nepal has announced its plans to issue the right shares to its existing shareholders. The company aims to raise Rs. 49,25,00,000/- ( Forty-nine crores twenty-five lakhs only) through this issue.

Three Star Hydropower Ltd.

Out of the amount received from issuing these right shares, Rs. 34,25,00,000/- (Thirty-four crores twenty-five lakhs only) will be used to repay the bank loan and other liabilities taken for the project construction, and the remaining Rs. 15,00,00,000/-( Fifteen crores only) will be invested as equity in the Upper Bhurundi A Hydropower Project (9 MW) being constructed by Niko Energy Ltd. 

Key Points:

• Right Share Ratio: 1:1
• Total Amount Raised: Rs. 49,25,00,000/-
• Purpose of fund: Repay bank loans and other liabilities related to ongoing hydropower projects, and Invest in the Upper Bhurundi A Hydropower Project (9 MW) being developed by Niko Energy Ltd.

Approval process: The company will seek prior approval from the Nepal Electricity Authority (NEA) and present the proposal to its upcoming general meeting (AGM) for shareholder approval.

Three Star Hydropower Ltd. Proposed: 1:1 Ratio Right Share