150% Right Shares of Ankhukhola Hydropower Approved By SEBON

The Securities Board of Nepal (SEBON) has approved the rights offering proposal of Ankhukhola Hydropower Company Limited (AKJCL).

The company will be issuing 150% right shares worth Rs. 1.2 Arba through the issue of 12,000,000 (1: 1.5) units of right shares to its existing shareholders.

The current paid-up capital of Rs. 80 Crore. After the adjustment of the proposed right share i.e. 1.2 crore units, the paid-up capital of the company will increase to Rs. 2 Arba.

Nabil Investment Banking Limited is appointed as the issue manager.

As of writing, AKJCL closed at Rs. 207.00.