Arun Valley Hydropower Development Company Limited (AHPC) has issued a notice informing NEPSE of the approval of its right shares proposal by the Electricity Regulatory Commission.
The proposal to issue the right shares in the ratio of 1:1 has been approved by the Electricity Regulatory Commission. However, the issue is yet to be approved by the regulatory body SEBON.
However, it is a concern as to whether investors will even claim the right shares since the company's last trading price stands at Rs. 93 per unit, which is lower than its par value of Rs. 100. Moreover, its 120 days average price is Rs. 96.04, also lower than the par value.