Electricity Regulatory Commission Approves Ankhukhola Hydropower Company's 150% Right Share Issuance

Ankhukhola Hydropower Company Limited (AKJCL) has received final approval from the Electricity Regulatory Commission to issue the right shares in the ratio of 1: 1.5 or 150% for its shareholders.

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

The current paid-up capital of the company is Rs. 80 Crores which will reach Rs. 120 Crores after the issuance of the aforementioned right shares.

Note that the company will issue the right shares to its shareholders only after approval from SEBON.

As of writing, AKJCL has an LTP of Rs. 161.10.