Kathmandu. The right shares issued by Tehrathum Power Company could not be sold. The time to apply has been extended as the right shares of the company have not been sold.

The company has issued the right shares from June 1to today. As the application was not received as per the demand, the deadline has been extended till July 15.

The company has issued shares in the ratio of 1:1. The company has issued 4 million units of right shares at a face value of Rs 100 per share of Rs 400 million. The company has closed the book for the right purpose on May 15. The shareholders who have remained in office till May 30 will be able to apply for the right shares of the company.

Nabil Investment Banking, sales manager, Nabil Bank’s Chhatar, Myanglung, Fedapar Sankranti Bazaar branches and Kumari Bank’s Menchiyam branches can apply for the right shares.

Applications can be made through banks and financial institutions that have received C Assurance members from the Securities Board of Nepal and my shares. At present, the paid-up capital of the company is Rs 400 million. After the issue of rights, it will reach Rs 800 million.

At present, the company has a loan of Rs 926.13 million in Machhapuchhre Bank, Nabil Bank and Global IME Bank.

Machhapuchhre Bank, Nabil Bank and Global IME Bank will pay Rs 160 million, Rs 120 million and Rs 120 million respectively. The money collected from the right shares will be used to repay the bank’s loan.