Deadline for applying for rights shares of Upper Tamakoshi extended by 15 days

Upper Tamakoshi Hydropower Limited (UPPER) has extended the deadline for applying for rights shares. The original deadline was until Ashoj 7. It has now been extended by 15 days, until Ashoj 22.

The application period for rights shares was initially set from Bhadra 18 to Ashoj 7. The company has announced an extension of the application period until Ashoj 22, while offering rights shares at a 1:1 ratio.

Tamakoshi has opened rights shares at a 1:1 ratio, meaning one share for every one held. The company has fixed the price at NPR 100 per share for the issuance of 10,59,00,000 rights shares, equivalent to NPR 10,59,00,00,000 in total.

Currently, the company has a paid-up capital of NPR 10,59,00,00,000. After the sale of the rights shares at one hundred percent, the company's paid-up capital will reach NPR 21,18,00,00,000. The sale of the rights shares is being managed by Citizen Investment Trust and Sunrise Capital.