Upper Hewakhola Hydropower Company Limited has received prior approval from the Electricity Regulatory Commission to issue rights shares in a 1:1 ratio.
Upper Hewakhola Hydropower Company Limited has been granted prior approval to issue rights shares on a 1:1 ratio. The Electricity Regulatory Commission provided this approval to a company, with some amendments.
The rights share issuance is based on the company’s paid-up capital of NPR 57 crore 50 lakh, which will be established after the distribution of a 15% bonus share from its 14th annual general meeting. Following this structure, the company plans to issuing 57 lakh 50 thousand units of rights shares.
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