Following the resolution passed during the gathering of the Board of Directors at Upper Hewakhola Hydropower Company Limited (UHEWA), a proposal has been made to offer right shares in a 1:1 ratio, equating to 100% right shares.
The gathering of the board convened on Falgun 7, 2081, where it was resolved to proceed with issuing 100% right shares, leading to a paid-up capital of Rs. 50 Crore. Consequently, post the issuance of 5,000,000 units of right shares, the company’s paid-up capital will rise to Rs. 1 Arba.
It is crucial to highlight that the distribution of these right shares is subject to obtaining consent from both regulatory authorities, specifically the Electricity Regulatory Commission and the Securities Board of Nepal (SEBON).
UHEWA traded at Rs. 952.80.
