KATHMANDU: Upper Tamakoshi Hydropower is going to issue right shares. The 257th meeting of the Board of Directors has passed the proposal of rightful eviction in the ratio of one to one of the paid up capital.
According to Vigyan Prasad Shrestha, Chief Executive Officer of Hydropower, it has been decided to submit the proposal to the 14th General Assembly for approval.
After the rightful approval is passed by the general meeting, the Electricity Regulatory Commission has to give permission and the Securities and Exchange Board has to give approval. Shares of the company are trading at a higher rate on Thursday.