Terhathum Power Company Limited Closing Auction of 4,18,738 Unclaimed Right Shares From Today

Terhathum Power Company Limited (TPC) is set to close the auction of 4,18,738 units of unclaimed rights shares from its previous 1:1 rights offering. The auction opened on 27th Shrawan and will close on 3rd Bhadra, 2082.

A total of 35,81,262 shares have been allotted to the valid applicants. Thus, 4,18,738 (10.46%) shares were unclaimed by eligible investors.

Of the total right shares issued, only 35,81,262 (89.54%) units were allotted to eligible shareholders. 10.46% of shares were unclaimed by eligible investors. Thus, the same 4,18,738 units of unsold right shares are in auction for the general public, which will close from today.

This is the unclaimed portion of the rights offering. The company had issued a 1:1 ratio right share issue to its shareholders from 16th Ashadh to 11th Shrawan, 2082.

Individuals and institutions are all eligible to bid for the auction.

Nabil Investment Banking Limited has been appointed as the issue manager of this rights share. The minimum bid rate for the auction is set at Rs. 100. For ordinary right shares, the minimum bid quantity is 100 units. Although bidders are allowed to bid for the entire issue, they must adhere to the regulatory board's rule, which restricts exceeding the specified share quantity per entity.