Upper Lohore Khola Hydropower Company Limited is moving forward with the rights share issuance process and has appointed NIC Asia Capital Limited as the issue and sales manager.
The company plans to issue 7,647,060 rights shares at a face value of NPR 100 per share, at a ratio of 1:1.5 relative to its current paid-up capital. Currently, the company’s paid-up capital stands at 5,098,040 shares. Through this proposed rights issuance, the company aims to raise a total of NPR 509,840,400.
A bilateral agreement regarding the appointment of the issue and sales manager has been signed between the company and NIC Asia Capital. The agreement was signed by the company’s Chief Executive Officer, Sadichchha Karki, and NIC Asia Capital’s Chief Executive Officer, Ramendra Rayamajhi.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
