Upper Tamakoshi Hydropower’s 100% Right Shares Issue Falls Short on Subscriptions


Upper Tamakoshi Hydropower Company’s attempt to issue 100% right shares didn’t get full support from its shareholders. The company aimed to boost its paid-up capital through this offering.

They offered existing shareholders a 1:1 ratio of right shares, each valued at Rs. 100. Shareholders could subscribe from the 18th of Bhadra to the 22nd of Ashwin, 2080. A total of 105,900,000 right shares, worth Rs. 10.59 Arba, were available. If successful, this would have increased the company’s paid-up capital to Rs. 21.18 Arba.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

More Interesting Read

Prabhu Insurance Company Endorse 5% Dividend for FY 2079/80
Dividend

Prabhu Insurance Company Endorse 5% Dividend for FY 2079/80

Prabhu Insurance Company Limited (PRIN) has announced its 28th Annual General Meeting (AGM) scheduled for the 20th of Baishakh, 2081. The AGM will convene at the Prabhu Complex in Tinkune, Kathmandu, commencing at 10 am on the designated day. Among the key agendas on the table, the AGM will endorse a 5% dividend for the […]

Read More
GBBL Urges Shareholders to Collect Uncollected Dividends: Important Notice for Investors
Dividend

GBBL Urges Shareholders to Collect Uncollected Dividends: Important Notice for Investors

Garima Bikas Bank Limited (GBBL), formerly known as Subhechha Bikas Bank Limited, Nilgiri Bikas Bank Limited, and Sahara Bikas Bank Limited, has issued a notice urging its shareholders to collect unclaimed dividends. According to the notice, some investors have yet to collect dividends for the fiscal year 2074/75. These dividends were due in the fiscal […]

Read More
Mandakini Hydropower Limited Lists Bonus Shares on NEPSE Following AGM Dividend Decision
Dividend

Mandakini Hydropower Limited Lists Bonus Shares on NEPSE Following AGM Dividend Decision

Mandakini Hydropower Limited (MHL) has recently listed 2,79,317.53 unit bonus shares on the Nepal Stock Exchange (NEPSE). This follows the company’s 10th Annual General Meeting (AGM), which took place on Poush 29, 2080, where a 5% dividend for the fiscal year 2079/80 was endorsed. During a board of directors meeting held on the 29th of […]

Read More