Offer Letter Published for 'Arun Kabeli Power’; Right Shares Issue Opens from Bhadra 08
Thu, Aug 10, 2023 10:17 AM on Latest, Dividend, Bonus & Rights,
Arun Kabeli Power Limited (AKPL) has published an offer letter for the issuance of its 100% rights shares.
According to the offer letter made public by the company, it is set to open applications for its right shares in the ratio 1:1 or 100% from 8th Bhadra to 28th Bhadra, 2080.
The hydropower company will be 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.
