Bids Received in Auction of Terhathum Power Company Limited Ordinary Shares Opened; What is the Cut-Off Rate?
Summary
Terhathum Power Company Limited opened bids for its ordinary right shares auction managed by Nabil Investment Banking Limited, with a tentative cut-off rate of Rs. 326 per share.
Key Points
- Terhathum Power Company Limited conducted an auction of 418,738 ordinary right shares for unsold portions of its rights issue.
- Nabil Investment Banking Limited was the auction manager, hosting the bidding in Kathmandu starting at 10:00 am on 6th Bhadra, 2082.
- There were 1,239 applications received with the minimum bid rate set at Rs. 100 and a tentative cut-off rate of Rs. 326 per share.
- The last traded price of the share was Rs. 366.96, and cut-off prices may change after cheque reconciliation and clearance.
