Upper Tamakoshi Hydropower Proposes to Issue 100% Right Shares

Fri, Jul 15, 2022 11:14 AM on Latest, Dividend, Bonus & Rights,

Upper Tamakoshi Hydropower Limited (UPPER) has proposed to issue 1:1 ratio right shares. 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 3rd Quarterly Report for the fiscal year 2078/79 is Rs. 10.59 Arba.