Upper Syange Hydropower to Issue 1:1 Right Share
September 1, 2025 | Investopaper
Upper Syange Hydropower Limited (USHL) is planning to sell right shares to the shareholders.
The company has decided to issue right shares in the ratio 1:1. This means that shareholders’ with 100 shares can apply for the additional 100 right shares.
As of Ashad’s end 2082 BS, Upper Syange Hydropower Limited has a paid-up capital of Rs. 22 crores. Hence, USHL has plans to float 22,00,000 shares in the right offering. At a par value of Rs 100, the right issue amounts to Rs 22 crores.
After the pre-approval from ERC, the company needs endorsement from the general meeting (AGM/SGM). Then the company has to appoint the issue and sales manager for the right offering. After that, it should submit the application to the Securities Board Of Nepal (SEBON) seeking permission to float the shares. Only after the approval from the regulatory body SEBON, the company can sell shares to the public.
After the right issue, the paid-up capital will reach Rs. 44 crores.
The company is currently operating a 2.4 MW Upper Syange Hydropower Project in Lamjung district.
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