SEBON Greenlights Himalayan Power Partner for 50% Right Share Issue

KATHMANDU – The Securities Board of Nepal (SEBON) has officially granted permission to Himalayan Power Partner Limited (HPPL) to internalize a significant capital hike through the issuance of right shares.

The regulatory approval allows the hydropower developer to offer right shares at a ratio of 1:0.5. This means existing shareholders will be entitled to purchase one new share for every two shares currently held, at a par value of Rs 100 per unit.

Capital Expansion Details

SEBON Greenlights Himalayan Power Partner for 50% Right Share Issue

The company is set to float a total of 5,327,000 units of right shares, aiming to raise Rs 532.78 million in fresh capital.

The move is designed to restructure the company’s financial base. While the current paid-up capital stands at Rs 1.654 billion, the post-adjustment figures following this issuance are projected to bring the company’s total paid-up capital to Rs 1.598 billion.

Key Stakeholders

To facilitate the process, Himalayan Power Partner has appointed Global IME Capital Limited as the issue and sales manager. The capital house will oversee the subscription process and the eventual allotment of the shares to eligible investors.

The specific “Book Closure” date—which determines which shareholders are eligible to apply for the rights—is expected to be announced by the company in the coming weeks.

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