Arun Kabeli Power Closing Issue of 1: 1 Right Shares from Today

Arun Kabeli Power Limited (AKPL) is closing the issue of a 1:1 ratio of right share to its shareholders at a par value of Rs. 100 from today i.e. on 31st Bhadra. The issue opened on 11th Bhadra, 2080.

The hydropower company is issuing 100% right shares worth Rs. 1.85 Arba through the issue of 1,85,52,105 units of right shares to its existing shareholders. After the adjustment of the proposed right share, the paid-up capital of the company will increase to Rs. 3.89 Arba.

Nabil Investment Banking Limited is appointed as the issue manager.

The book closure date was scheduled on Ashad 25, 2080. Thus, the shareholders maintained until the same are deemed eligible for the rights offering.

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