Tehrathum Power’s Unsubscribed Right Shares Open for Auction

Tehrathum Power Company Limited has opened the auction of its unsubscribed right shares from today, August 12 (Shrawan 27). The company had issued right shares in a 1:1 ratio from June 30 (Asar 16) to July 26 (Shrawan 11), and 418,738 units from the general public category remained unsubscribed. These shares are now being sold through an auction process.

Investors can submit sealed bids for these shares from today until August 19 (Bhadra 3). The minimum price for the auction has been set at NPR 100 per share. Bidders must quote NPR 100 or more per share and can apply for a minimum of 100 units, with no maximum limit.

Nabil Investment Banking Limited is the issue and sales manager for this auction. Interested investors can apply through the sales manager as well as through the branches of Nabil Bank located in Biratnagar, Birtamode, Birgunj, Hetauda, Jawalakhel, Suryabinayak, Pokhara, Butwal, Nepalgunj, Surkhet, and Dhangadhi.