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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.


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