Kathmandu. Upper Hewakhola Hydropower Company has started the process to issue right shares.
The company has filed an application with the Securities Board of Nepal seeking permission to issue right shares. If the Securities Board of India gives permission, the company will issue 91.3 percent right shares to its shareholders in the ratio of 1:0.913.
The company will sell a total of 52,50,000 units of right shares at a face value of Rs 100. Reliable Investment and Merchant Capital has been appointed as the issue manager for the sale of the right shares.
