Upper Tamakoshi Hydropower (UPPER) Unveils Book Closure Date for 100% Rights Offering

Upper Tamakoshi Hydropower Limited (UPPER) has unveiled the book closure date for its 100% right shares on Shrawan 26, 2080. Thus, the shareholders maintained till Shrawan 25 are eligible for the rights offering.

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 of this offering. 

As of writing, UPPER has an LTP of Rs. 405.