Terhathum Power Company Limited (TPC) to Launch Rights Share Issue from Ashad 16
Terhathum Power Company Limited (TPC) will begin issuing 40 lakh rights shares from Ashad 16, 2082, equivalent to 100% of its paid-up capital. Shareholders registered by Ashad 4 can apply until Shrawan 4. Nepal Investment Banking Limited is managing the issuance.
Terhathum Power Company Limited (TPC) is preparing to issue rights shares starting from Ashad 16, 2082. The company plans to offer 40 lakh rights shares, which represent 100% of its paid-up capital of NPR 40 crore.
Shareholders eligible to participate must hold shares by Ashad 4, as the company will close its books on Ashad 5. Applications for the rights shares can be submitted until Shrawan 4, 2082.
The Securities Board of Nepal approved the rights issue on Baisakh 19, 2082. Nepal Investment Banking Limited has been appointed as the issue manager and sales coordinator for the share issuance.
This capital increase is expected to provide Terhathum Power Company Limited with the financial resources necessary to advance its hydropower projects and future expansions.