Terhathum Power Company Limited (TPC) has released a notification regarding the issuance of its 100% rights shares.
As stated in the notification made available by the company, it will commence the application process for its rights shares at a ratio of 1:1, or 100%, from 16th Ashadh to 4th Shrawan, 2082.
The company plans to issue rights shares amounting to Rs. 40 Crores through the distribution of 4,000,000 (1:1) units to its current shareholders. The existing paid-up capital stands at Rs. 40 Crores. Following the inclusion of the proposed rights shares, specifically 4,000,000 units, the company’s paid-up capital will rise to Rs. 80 Crores.
Nabil Investment Banking Limited has been designated as the issue manager.
The book closure date is 5th Jestha, 2082. Therefore, investors who owned shares prior to this date are eligible to apply for them.
