On the 28th of Mangsir, 2080, Upper Tamakoshi Hydropower Limited (UPPER) successfully allocated 8,88,80,470 units of right shares to its shareholders. The company initiated the refund process for non-allotted investors starting from the 3rd of Poush, 2080.
Upper Tamakoshi Hydropower Limited had conducted a 100% right shares offering, open from the 18th of Bhadra to the 22nd of Ashwin, 2080. During this offering, the hydropower company issued 10,59,00,000 units of right shares, amounting to Rs. 10.59 Arba, exclusively for its existing shareholders.
As per the recent notice, only 8,88,80,470 units of the total right shares issued were allotted to eligible shareholders. The remaining 1,70,19,530 units of right shares will be subsequently made available for purchase through an auction. Sunrise Capital Limited served as the appointed issue manager for this process.
Highlights:
- Upper Tamakoshi Hydropower to Auction 1.7 Million Unsold Ordinary Right Shares
- Multipurpose Finance Company Allocates 35% Right Shares, Begins Refunds for Non-Allottees on Ashwin 16
- Arun Kabeli Power Allots 100% Right Shares, Begins Refunds on Ashwin 24
- Upper Tamakoshi Hydropower’s 100% Right Shares Issue Falls Short on Subscriptions
- Upper Tamakoshi Hydropower Lists 10,590,000 Units of Right Shares on NEPSE