Upper Hewakhola Hydropower Company to Float 100 Percent Right Share
March 17, 2025 | Investopaper
Upper Hewakhola Hydropower Company Limited (UHEWA) is planning to sell right shares to the shareholders.
The company has decided to float the right shares in the ratio 1:1 This means that the shareholders with 100 shares can apply for the additional 100 shares.
The company is taking the agenda of issuing right shares to its upcoming Special General Meeting to be held on Chaitra 22, 2081 BS after the permission from Electricity Regulatory Commission.
The hydropower company will begin the procedures for the right offering after the approval from the special general meeting.
As of Falgun’s end 2081 BS, UHEWA has a paid up capital of Rs. 50 crores. Hence, the company has plans to sell 50,00,000 right shares worth Rs. 50 crores. After the right issue, the paid-up capital will reach Rs. 100 crores.
Upper Hewakhola Hydropower Company is currently operating an 8.5 MW Upper Hewa Khola Hydropower Project in Sankhuwasabha.
