Terhathum Power Company Closing Issue of 1:1 Right Share from Shrawan 11
July 27, 2025 | Investopaper
Terhathum Power Company Limited (TPC) is currently selling the right shares to the shareholders. The company has decided to float the right shares in the ratio 1:1. This means that the shareholders with 100 shares can apply for the additional 100 shares.
The right issue is open from Ashad 16, 2082 BS. Earlier, if fully subscribed, the right offering was set to close on Shrawan 4, 2082 BS. However, due to under-subscription until that period, the deadline for application has now been extended until Shrawan 11, 2082 BS.
For this purpose, the company has announced the book closure date on Jestha 5, 2082 BS. Therefore, the investors holding/purchasing the shares of TPC until Jestha 4, 2082 BS will be eligible to subscribe the right shares.
Securities Board of Nepal (SEBON) has given permission to the hydropower company on Baisakh 19, 2082 BS. The company had submitted the application to the board on Chaitra 7, 2080 BS. Only after the approval from the regulatory body SEBON, the company can issue the shares to the public.
Terhathum Power has appointed Nabil Investment Banking as the issue and the sales manager. An agreement has been reached between the company and Terhathum Power on this regard.
As of Chaitra’s end 2081 BS, TPC has a paid up capital of Rs. 40 crores. Hence, the company has plans to sell 40,00,000 right shares worth Rs. 40 crores. After the right issue, the paid-up capital will reach Rs. 80 crores.
The company has stated that it will invest the amount received from the right offering in the development of 2 MW Khorwnga Tangmaya Hydropower Project.
Terhathum Power Company is currently operating a 7.5 MW Upper Khorunga Khola Small Hydropower Project in Terhathum District.
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