Trishuli Jalvidhyut Company is being operated under People Hydropower Program by the government of Nepal.
Previously, the company had collected only 10 percent of the share capital from the applicants. The company had issued 15 percent i.e 3,705,000 units of shares of its issued capital to the general public on March 21-25 ,2019. The shares were allotted on March 28, 2019.
As per People Hydropower Program (Operation and Management) Procedure, 2075, the company can collect the remaining amount only after completion of 50 percent construction work of the project as well as full payment by promotes of the company.
Accordingly, the company recently called out share investors to submit the remaining amount following which 42,000 applicants have already deposited Rs 85.4 million, informed Global IME Capital, issue manager of the company.
The investors are required to submit the remaining 90 percent amount by November 3. Although, the investors are required to pay Rs 90 per shares, the company has called out to submit Rs 87 per unit.
The investors can submit the amount from all ASBA approved BFIs and meroshare software.
