Upper Tamakoshi Hydro Power’s Share Cutoff Price to be Revealed Soon

Upper Tamakoshi Hydro Power Limited is gearing up to disclose the cutoff price of its shares. Narayan Ghimire, the company’s share sale manager, indicated that the ongoing application collection process could yield information by the next day if 30,000 applications are received. Additionally, the share sale form is expected to open on Sunday.

According to the outlined plan, pending successful completion of all tasks, the refund process for applicant accounts will be carried out by Wednesday. Notably, the company had issued rights shares in a 1:1 ratio, and the response exceeded NPR 7 billion, with expectations of a further increase after factoring in the good-for-payment amount.

By Ghising

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