Arun Valley Hydropower Development Company has received approval from the Securities Board of Nepal to issue the shares ratio of 1:0.5. The right shares will be issued on the paid-up capital maintained after bonus share adjustment.
The company (AHPC) has distributed a 5.263% dividend for the fiscal year 2076/77, i.e. 5% bonus shares and 0.263% cash dividend (for tax purposes).
Right shares will be issued at the rate of Rs. 100 per share. Muktinath Capital has been appointed as the issue manager for this right shares issue.
This issue is already approved by the Electricity Regulatory Commission.
This is the first phase issue of the 1:1 right shares issue that Arun Valley Hydropower Development Company Limited has already passed via its 21st AGM. This capital will be invested in the Kabeli-B1 Cascade Hydropower Project. The entire rights offering will issue a total of 99,83,232 shares.