Nabil Investment Banking Limited, Terhathum Power Company ink agreement

KATHMANDU, July 28: Nabil Investment Banking Limited and Terhathum Power Company have inked an agreement to appoint Nabil Investment Banking Limited as the issue and sales manager for the securities to be issued to its shareholders in the ratio of 1:1 shortly.

The agreement was signed by Managing Director Mohan Kumar Dangi on behalf of Tehrathum Power Company Limited and Manish Narayan Joshi, Chief Executive Officer on behalf of Nabil Investment Banking Limited.

Terhathum Power Company Limited under the Companies Act 2006  was established in 2009 and became a public limited company from a private company in 2018. The electricity purchase agreement of the company having a power generation capacity of 7.5 megawatts was signed with the Nepal Electricity Authority in the month of 2016.

Nabil Investment has stated that it is making necessary preparations for issuing rights shares to the general public, adding that permission for the issuance of rights shares will be sought from the regulatory bodies after the preparatory work is completed.