Upper Hewakhola Hydropower Company to Float 100 Percent Right Share
February 20, 2025 | Investopaper
Upper Hewakhola Hydropower Company Limited (UHEWA) is planning to sell right shares to the shareholders.
As informed on Nepse, 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 will take the agenda of issuing right shares to its upcoming Annual General Meeting after the permission from Electricity Regulatory Commission.
The hydropower company will begin the procedures for the right offering after the approval from the annual general meeting.
At present, 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.
