Upper Tamakoshi requests first phase shareholders to dematerialize their shares for the purpose of trading it in the secondary market

Wed, Jan 16, 2019 12:11 PM on Latest, Stock Market,

Upper Tamakoshi Hydropower Limited (UPPER) has requested all the shareholders of the first phase of the issue to dematerialize their respective shares. The hydropower company had issued 2.54 Crore units in the first phase of the issue. The first phase of the issue was meant for the EPF, employees of the promoter company, and employees of NEA etc.

Since, only dematerialized share can be traded in the secondary market, the company has urged all the shareholders from the first phase to dematerialize their holdings. The shareholders can open a d-mat account for this purpose with the nearest institution which is a member of Nepal Clearing House or with the share registrar of Upper Tamakoshi, Sunrise Capital.

The shares of Upper Tamakoshi were open for trade from 29th Poush. The LTP of the hydropower company as of 1st Magh stands at Rs.258 per share.