Ankhukhola Hydropower Opens 1:1.5 Right Share Issue from Today

Ankhukhola Hydropower Opens 1:1.5 Right Share Issue from Today

 

Ankhukhola Hydropower Company Limited (AKJCL) has commenced the issuance of right shares to its existing shareholders. The company is offering a 1:1.5 ratio of right shares, priced at a par value of Rs. 100 per share. The issue period spans from 27th Shrawan to 16th Bhadra, 2081.

Through this right issue, AKJCL aims to raise a substantial amount of Rs. 1.2 Arba. The company will be issuing a total of 12,000,000 units of right shares to its eligible shareholders. Currently boasting a paid-up capital of Rs. 80 Crore, the successful completion of this right issue will elevate the company's paid-up capital to an impressive Rs. 2 Arba.

Nabil Investment Banking Limited has been appointed as the issue manager for this significant undertaking.

Eligibility Criteria

It's crucial to note that only shareholders whose names appear on the company's register before the book closure date, which was 1st Shrawan, are eligible to participate in this right share offering.

Key Highlights:

    Right Share Ratio: 1:1.5
    Issue Price: Rs. 100 per share
    Issue Period: 27th Shrawan to 16th Bhadra, 2081
    Total Right Shares: 12,000,000 units
    Amount to be Raised: Rs. 1.2 Arba
    Issue Manager: Nabil Investment Banking Limited

This right issue presents a valuable opportunity for existing shareholders of Ankhukhola Hydropower Company Limited to increase their stake in the company.