Kathmandu. The deadline for applying for right shares of Tehrathum Power Company has been extended.
According to Nabil Investment Banking, the right shares of Tehrathum Power can now be applied till July 30. Earlier, the deadline for submission of applications was July 15. However, the deadline has been extended as the application was not received as per the demand.
The company has opened the right shares to its shareholders from June 1. The Securities Board of Nepal has allowed Tehrathum Power to issue 100 per cent right shares in the ratio of 1:1 of the current paid-up capital of Rs 400 million. At the same time, the company has opened a total of 4 million units of right shares at a face value of Rs 100 to its shareholders.
Investors can apply from the banks and financial institutions participating in the ASWA service approved by the Securities Board, their designated branches and my share of CDSC. Shareholders can also apply for right shares from Nabil Investment Banking’s office in Kathmandu Naxal, Nabil Bank’s branches in Tehrathum, Chattar, Myanglung, Phedap and Sankranti Bazaar and Kumari Bank’s branch at Menchayam in Terhathum.
Tehrathum Power had closed the book for the purpose of issuing right shares on May 15. This means that only the shareholders who have been retained till May 30 will be able to apply for this right.
After the sale of the right shares, the paid-up capital of the company will reach Rs 800 million.
