Upper Syange Hydropower Limited is going to issue 100 percent right shares and has selected NIMB Ace Capital Limited as its sales manager.
Upper Syange Hydropower Limited is starting process to issue 1:1 ratio, which means 100 percent right shares to its shareholders. For managing this right share issue, company has appointed NIMB Ace Capital Limited as its sales manager.
The company is preparing to issue these right shares at 1:1 ratio based on its current paid-up capital of Rs. 22 crore.
Decision on Right Shares
Earlier, the annual general meeting of company held on Ashoj 9, 2082 had passed proposal to issue the right shares. According to that decision, the board of directors meeting held on Shrawan 14 decided to appointing NIMB Ace Capital Limited as the sales manager for this issue.
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