Ankhukhola Hydropower Company Modifies Right Shares Rates From Prior 200% To 150% Right Shares

The right share ratio of Ankhukhola Hydropower Company Limited (AKJCL) has been changed from 200% to 150%.

The meeting of the board of directors of Ankhukhola Hydropower (AKJCL) held today (Jestha 17, 2080) has decided to issue 150% right shares on the paid-up capital of Rs. 80 Crores according to the instructions of the regulatory body.

Previously the BoD meeting of the company held on Baishakh 15, 2079 proposed to issue 1:2 right shares so that the company could invest at least 60% shares in the in Ganesh Himal Hydropower's 20 M.W- Ankhu Khola-2 Hydropower project. However, the decision was submitted for approval from the Electricity Regulatory Commission. The company has now revised its right shares issue in the ratio of 150% from the paid-up capital of Rs. 80 Crores which will reach Rs. 120 Crores after the issuance of the aforementioned right shares.

Note that the right shares will be issued only after approval from the Securities Board of Nepal (SEBON) and endorsement by the company's upcoming AGM.