Sayapatri Hydropower Revises Rights Share Ratio

Sayapatri Hydropower Limited has revised the ratio of its proposed rights share issuance. The company had earlier decided, through its annual general meeting held on Ashadh 21, to issue rights shares in a 1:1 ratio (100 percent of paid-up capital) and had submitted an application to the Electricity Regulatory Commission for approval.

However, the commission, in its approval granted on Bhadra 20, has allowed the company to issue rights shares only in a 1:0.74 ratio.

Accordingly, Sayapatri Hydropower will now proceed with the rights issue based on the revised ratio approved by the commission.