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Upper Tamakoshi Hydropower Limited has made the decision to extend the deadline for its rights offering. The company originally initiated its rights offering on the 18th of Bhadra, 2080, with the intention of closing the offering on the 7th of Ashwin. However, as per an official notice, the rights offering period has been extended, and it will now conclude on the 22nd of Ashwin, 2080. This rights offering involves Upper Tamakoshi Hydropower issuing 100% right shares, totaling Rs. 10.59 Arba, through the issuance of 105,900,000 units of right shares to its existing shareholders. Following the adjustment for the proposed right shares, the company's paid-up capital will see a substantial increase, reaching Rs. 21.18 Arba. Sunrise Capital Limited has been appointed as the issue manager responsible for overseeing this rights issue, ensuring its smooth execution and adherence to regulatory procedures. The book closure date for this rights offering had initially been set for the 26th of Shrawan, 2080. Consequently, shareholders who have maintained their holdings until this specified date will be considered eligible to participate in the rights offering, allowing them the opportunity to subscribe to additional shares in the company. 25

Dividend Business | Market | Economy

Upper Tamakoshi Hydropower Limited has made the decision to extend the deadline for its rights offering. The company originally initiated its rights offering on the 18th of Bhadra, 2080, with the intention of closing the offering on the 7th of Ashwin. However, as per an official notice, the rights offering period has been extended, and it will now conclude on the 22nd of Ashwin, 2080. This rights offering involves Upper Tamakoshi Hydropower issuing 100% right shares, totaling Rs. 10.59 Arba, through the issuance of 105,900,000 units of right shares to its existing shareholders. Following the adjustment for the proposed right shares, the company’s paid-up capital will see a substantial increase, reaching Rs. 21.18 Arba. Sunrise Capital Limited has been appointed as the issue manager responsible for overseeing this rights issue, ensuring its smooth execution and adherence to regulatory procedures. The book closure date for this rights offering had initially been set for the 26th of Shrawan, 2080. Consequently, shareholders who have maintained their holdings until this specified date will be considered eligible to participate in the rights offering, allowing them the opportunity to subscribe to additional shares in the company.

Upper Tamakoshi Hydropower Limited has made the decision to extend the deadline for its rights offering. The company originally initiated...

USLB Promoter Shares Auction Open to General Public and Institutions 27

Business | Market | Economy

USLB Promoter Shares Auction Open to General Public and Institutions

The existing promoters of Unnati Sahakarya Laghubitta Bittiya Sanstha (USLB) Limited have initiated an auction process for 4,960 units of...

NIC Asia Bank Announces Book Closure and AGM for 30.5% Dividend Distribution 29

NIC Asia Bank Announces Book Closure and AGM for 30.5% Dividend Distribution

NIC Asia Bank Limited (NICA) has announced important dates and details regarding its upcoming Annual General Meeting (AGM) and dividend...

NEPSE Index Records 1.13% Gain in 4-Day Trading Week with Increased Volatility 31

NEPSE Index Records 1.13% Gain in 4-Day Trading Week with Increased Volatility

During the past week, the Nepal Stock Exchange (NEPSE) experienced four days of trading activity due to a holiday on...

Siddhartha Capital's 12th AGM: Financial Reports, Dividend, and Auditor Appointment on Agenda 33

Siddhartha Capital’s 12th AGM: Financial Reports, Dividend, and Auditor Appointment on Agenda

Siddhartha Capital Limited (SIDCL) has announced its 12th Annual General Meeting (AGM), scheduled for the 25th of Ashwin, 2080 (October...

NICA Promoters Auction 500,000 Shares to General Public and Institutions 35

Business | Market | Economy

NICA Promoters Auction 500,000 Shares to General Public and Institutions

The current promoters of NIC Asia Bank Limited (NICA) have initiated an auction process for the sale of 500,000 units...

NEPSE Index Surges by 2.23% Fueled by Hydropower Sector Growth 37

NEPSE Index Surges by 2.23% Fueled by Hydropower Sector Growth

During today’s trading session, the NEPSE index posted a notable gain, closing at 2,029.78 points, which marked an impressive increase...

Mahuli Laghubitta Bittiya Sanstha Proposes Further Public Offering (FPO) to SEBON 39

Mahuli Laghubitta Bittiya Sanstha Proposes Further Public Offering (FPO) to SEBON

Mahuli Laghubitta Bittiya Sanstha Limited (MSLB) has submitted a formal proposal to the Securities Board of Nepal (SEBON) to initiate...

Nepal Observes Constitution Day with Public Holiday and NEPSE Closure 41

Nepal Observes Constitution Day with Public Holiday and NEPSE Closure

The Government of Nepal has declared a public holiday today, which falls on the 3rd of Ashwin, to commemorate ‘Constitution...

Securities Board Approves Citizens Bank's 10% Bond Offering for 2080 43

Business | Market | Economy

Securities Board Approves Citizens Bank’s 10% Bond Offering for 2080

The Securities Board of Nepal has granted approval to Citizens Bank International Limited’s ‘10% Citizens Bank Bond 2080.’ This regulatory...

NRB Governor Discusses Power Export and Hydropower Sector Development with IPPAN 45

Business | Market | Economy

NRB Governor Discusses Power Export and Hydropower Sector Development with IPPAN

Maha Prasad Adhikari, the Governor of the Nepal Rastra Bank (NRB), has emphasized that Nepal’s trade deficit could be effectively...

Gold Prices Surge by Rs. 500 Per Tola in Nepal, Silver Also Sees Gains 47

Gold | Silver | Forex

Gold Prices Surge by Rs. 500 Per Tola in Nepal, Silver Also Sees Gains

Today, the price of gold in Nepal has seen a notable increase, rising by Rs. 500 per tola. According to...

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