Kathmandu. Eastern Hydropower has received approval from the Electricity Regulatory Commission (ERC) to issue 100 percent right shares.
Sending a letter to Upper Hewakhola Hydropower on Monday, the commission has given prior approval to issue right shares. Now, the company will initiate further process to issue right shares worth Rs 620 million in the ratio of 1:1 i.e. its existing paid-up capital.
The company will issue a total of 62 lakh units of right shares at a face value of Rs 100 each to its shareholders.
