Today is the Last Day to Apply for Tehrathum Power Company’s 100% Rights Offering

Tehrathum Power Company Limited’s 100% rights share issuance, which began on Asar 16 (June 30), is closing today, Shrawan 11 (July 27). Originally, the deadline was set for Shrawan 4 (July 20), but due to insufficient applications, the deadline was extended until today.

The company received approval to issue 4 million rights shares at a face value of NPR 100 each in a 1:1 ratio based on its current paid-up capital of NPR 400 million.

According to CDSC, by Saturday evening, a total of 26,483 applicants had applied for 2,255,183 shares.

For this rights issue, the company had set the book closure date on Jestha 5 (May 18). Therefore, only shareholders listed by Jestha 4 (May 17) are eligible to apply.

Through this issuance, the company aims to raise NPR 400 million. Nabil Investment Banking Limited is acting as the issue and sales manager for the offering.