Out of 40 lakh shares issued, 35.81 lakh have been allotted; 4.18 lakh to be auctioned.
Terhathum Power Company Limited has completed the allotment process for its recently issued rights shares. The issue manager, Nabil Investment Banking Limited, finalized the allotment on Shrawan 18.
The company had issued 40 lakh units of rights shares — equivalent to Rs. 40 crore — at a 1:1 ratio of its current paid-up capital. The issue opened on Asar 16 and closed on Shrawan 11.
Out of the total issue, 35,81,262 shares were allotted to investors who applied properly within the given timeframe. The remaining 4,18,738 shares will now be sold through auction.
The company has also announced that refunds for investors who applied for excess shares will begin from Shrawan 21.
The book closure date for the rights issue was set for Jestha 5, meaning only shareholders holding shares till Jestha 4 were eligible to apply. The company had received approval from the Securities Board of Nepal (SEBON) for the rights offering on Baisakh 19.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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