Terhathum Power Company Proposes 100% Rights Share Issuance for Hydropower Project Development and Investments

Terhathum Power Company Limited (TPC) has proposed to issue 100% rights shares to its shareholders.

The proposal was made during the Board of Directors (BoD) meeting held on Ashad 12, 2080. The purpose of issuing these rights shares is to facilitate the development of the Khorunga Tangmaya Khola hydropower project, which has a capacity of 2 MW. Additionally, the funds raised through the rights shares will be used for investments in other dividend-paying hydropower companies.

Note that the issuance of the right shares is contingent upon approval from the Electricity Regulatory Commission and subsequent endorsement at the company's upcoming Annual General Meeting (AGM).

Furthermore, as of June 27, the last trading price of TPC shares was Rs 386.