Terhathum Power Company to issue 12 lakh units of IPO shares at the rate of Rs.100. It has appointed NIBL Ace Capital Limited has issue manger for IPO.
The agreement paper is signed by Mohan Kumar Dangi, Managing director from Terhathum power & Mekh Bahadur Thapa, general manager from NIBL Ace Capital.
The company will float 4 lakh units for locals of project affected areas and remaining 8 lakh units for public.
Currently, its paid up capital is Rs.28 crore.
It has been constructing Upper Khorunga Khola Hydropower Project of 7.5 MW at Terhathum district.
