Kathmandu. Tehrathum Power has fixed the date of book closure for issuing right shares.
The company has decided to close the book on May 15. This means that only shareholders will be able to fill the right shares of this company till May 31.
The company has received permission from the Securities Board of Nepal to issue 100 percent right shares in the ratio of 1:1 of the current paid-up capital. With this, the company will now issue rights shares worth Rs 400 million. Accordingly, the company will issue 4 million units of ordinary shares to its shareholders at a face value of Rs 100 each.
After the sale of the right shares, the paid-up capital of the company will reach Rs 800 million. Nabil Investment Banking is the right share sale manager of the company.
