Final Four Days Remaining to Apply for 1: 1 Right Shares of Upper Tamakoshi Hydropower
Thu, Oct 5, 2023 10:43 AM on Latest, Dividend, Bonus & Rights,
Upper Tamakoshi Hydropower Limited (UPPER) is closing its 1: 1 ratio right shares to its shareholders from 22nd Ashwin.
The company opened its rights offering on 18th Bhadra, 2080. The issue was supposed to close on 7th Ashwin but as per the notice, the rights offering will conclude on 22nd Ashwin, 2080.
The hydropower company will be issuing 100% right shares through the issue of 105,900,000 (1: 1) units of right shares to its existing shareholders. The current paid-up capital of the company is Rs. 10.59 Arba. After the adjustment of the proposed right share, the paid-up capital of the company will increase to Rs. 21.18 Arba.
Sunrise Capital is appointed as the issue manager.
The book closure date is on Shrawan 26, 2080. Thus, the shareholders maintained till today are eligible for the rights offering. The last traded price as of yesterday stood at Rs 211.20 per share.
