Electricity Regulatory Commission Approves Issue of 100% Right Shares of Upper Tamakoshi Hydropower
Wed, Mar 1, 2023 10:47 AM on Dividend, Bonus & Rights, Stock Market, Latest,
The Electricity Regulatory Commission has given Upper Tamakoshi Hydropower Limited (UPPER) approval to issue rights shares at a ratio of 1:1, or 100 percent right shares.
Upper Tamakoshi Hydropower Company (UPPER) has been granted permission by the Electricity Regulatory Commission to issue rights. The proposal to issue right share by UPPER should also be approved by Securities Board (SEBON). This is the first time the company has proposed to issue right shares.
The 257th meeting of the board of directors held on Ashad 30, 2079 decided to submit a proposal for the issuance of right shares in the ratio of 1:1 (100%) on its current paid-up capital at the upcoming 14th AGM of the company.
The paid-up capital of the company according to the 2nd Quarterly Report for the fiscal year 2079/80 is Rs. 10.59 Arba.
