Terhathum Power Company Limited (TPC) is opening the issue of a 1:1 ratio of rights shares to its current shareholders at a nominal value of Rs. 100, starting today, 16th Ashadh to 4th Shrawan, 2082.
The firm will be offering 100% rights shares amounting to Rs. 40 Crores through the distribution of 4,000,000 (1:1) units of rights shares to its standing shareholders. The existing paid-up capital stands at Rs. 40 Crores. Following the adjustment for the planned rights shares, i.e., 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 manager for this issue.
The book closure date is set for 5th Jestha, 2082. Therefore, investors who possessed shares prior to that date are eligible to apply.
