Arun Valley Hydropower Development Company Limited (AHPC) has received approval from the Securities Board of Nepal to issue the right shares in the ratio of 1:0.5. Note that the right shares will be issued on the paid-up capital maintained after bonus share adjustment. Arun Valley Hydropower Development Company Limited (AHPC) has distributed a 5.263% dividend for the fiscal year 2076/77, i.e. 5% bonus shares and 0.263% cash dividend (for tax purposes).
A total of 52,41,197 shares will now be issued at Rs. 100 per unit to eligible investors. Muktinath Capital is appointed the issue manager for this right shares issue. This issue is already approved by the Electricity Regulatory Commission.
This is the first phase issue of the 1:1 right shares issue that Arun Valley Hydropower Development Company Limited has already passed via its 21st AGM. This capital will be invested in the Kabeli-B1 Cascade Hydropower Project. The entire rights offering will issue a total of 99,83,232 shares.