150% Right Shares of Ankhukhola Hydropower Approved By SEBON

Thu, Jul 4, 2024 11:13 AM on Latest, Dividend, Bonus & Rights, NEPSE News,

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.