Last Day to Be Eligible for 1: 1 Rights Offering of Upper Tamakoshi Hydropower

Today is the last day to be eligible for the rights offering of Upper Tamakoshi Hydropower Limited (UPPER).

The hydropower company will be issuing 100% right shares through the issue of 105,900,000 (1: 1) units of right shares to its existing shareholders. The current paid-up capital of the company is Rs. 10.59 Arba. After the adjustment of the proposed right share, the paid-up capital of the company will increase to Rs. 21.18 Arba.

Sunrise Capital is appointed as the issue manager.

The book closure date is on Shrawan 26, 2080. Thus, the shareholders maintained till today are eligible for the rights offering. The last traded price as of yesterday stood at Rs 379 per share