Kathmandu, Mangsir 27. The Securities Board of Nepal (SEBON) has initiated a preliminary review of a proposal from Panchthar Power Company Limited (PPCL) to issue a 100% right share.

The company submitted its application to the regulatory board on Mangsir 17, 2082. The proposal seeks to raise Rs. 96.25 Crores by issuing 96.25 lakh (9,625,000) units of right shares in a 1:1 ratio to its existing shareholders. This means shareholders will be entitled to one new share for every share they currently hold.

Capital Structure Impact:
Panchthar Power's current paid-up capital stands at Rs. 96.25 Crores. Upon the successful issuance and allotment of the proposed right shares, the company's paid-up capital will double to Rs. 1.92 Arba.

Issue Manager:
Sanima Capital Limited has been appointed as the issue manager to facilitate the proposed rights offering.

The proposal is now under SEBON's preliminary scrutiny. The company can only proceed with the rights issue after receiving final approval from the board. This move indicates PPCL's intent to significantly bolster its capital base for future operations and growth.