Kathmandu. Upper Lohore Khola Hydropower Company Limited is going to issue right shares. The company is issuing 5,098,040 units of shares at a face value of Rs 100.

NIC ASIA Capital Limited and Upper Lohore Khola Hydropower Company Limited have signed a bilateral agreement to appoint the issue manager for the issuance of 76,47,060 units of right shares at a face value of 1:1.5 i.e. 100 units of face value.

Sadichchha Karki, CEO of Upper Lohore Khola Hydropower Company and Ramendra Rayamajhi, CEO of Upper Lohore Khola Hydropower Company signed the agreement on behalf of their respective organizations.

So far, NIC ASIA Capital has been issuing shares of 20 companies and 4 right shares of debentures. So far, the company has been able to raise more than Rs 19.34 billion through the issue and sales management services.