Terhathum Power Company Limited (TPC) has announced that it will open its 100% right share issue starting from Ashadh 16 to Shrawan 4, 2082. This means that existing shareholders can buy one new share for every share they already own.
The company is planning to raise Rs. 40 crores by issuing 40,00,000 right shares. Currently, the company’s paid-up capital is Rs. 40 crores, and after this right share issue, it will double to Rs. 80 crores.
Only those investors who held shares before the book closure date of Jestha 5 are eligible to apply for these right shares.
Nabil Investment Banking Limited is managing the right share issue for the company.
