Trishuli Jal Vidhyut Company has Extended Deadline for the Remaining Payment of IPO Shares till 17th Falgun

Trishuli Jal Vidhyut Company Limited (TJVCL) will begin collecting the remaining sum for the shares offered to the general public from today i.e. on 18th Mangsir till 17th Falgun.

3 months have passed since the company first published a notice to collect the remaining sum for the shares offered to the general public from 4th Ashwin to 17th Kartik, 2079. The total market price per share demanded was Rs. 90. Out of which, shareholders would receive interest of Rs. 3 per share. As a result, the ordinary shareholders were required to pay Rs. 87 per share. But since 46,179 shareholders failed to deposit Rs. 87 within the said period, should now deposit the same amount with 3 months interest i.e. 8%, totaling Rs. 88.74 per share from today.

The issued capital of the company was Rs. 2.47 Arba, and the company issued 15% shares to the general public. Of the total 3,705,000 units; 3% of shares i.e. 111,150 unit shares were reserved for employees and the remaining 3,593,850 unit shares were issued to the general public at a par value of Rs. 100 per share.

Shareholders can pay the due amount through "Mero Share" software or visit the head office of the issue manager i.e. Global IME Capital located at Naxal, Kathmandu.

Trishuli Jal Vidhyut Company Limited is a public limited company established on 11th May 2011 to harness the hydropower potential of the country at a reasonable rate with the full utilization of the available national water resources. The company is jointly formed by Nepal Electricity Authority and Nepal Doorsanchar Company Limited. The company is planning to develop the Upper Trishuli 3B Hydropower Project (UT3BHEP) with an installed capacity of 37 MW located in Nuwakot and Rashuwa District. The total estimated cost of the project is Rs. 7.44 Arba excluding interest during the construction period.

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