Ankhukhola Hydropower Company Closing Issue of 1: 1.5 Right Shares from Today

Ankhukhola Hydropower Company Limited (AKJCL) is closing the issue of a 1:1.5 ratio of right share to its shareholders at a par value of Rs 100 from today i.e. on 16th Bhadra, 2081. The issue opened on 27th Shrawan, 2081.

The company is issuing 150% right shares worth Rs. 1.2 Arba through the issue of 12,000,000 (1: 1.5) units of right shares to its existing shareholders. The current paid-up capital of Rs. 80 Crore. After the adjustment of the proposed right share i.e. 1.2 crore units, the company's paid-up capital will increase to Rs. 2 Arba.

According to the CDSC, 39,238 applicants applied for 86,69,420 units of right shares, equivalent to Rs. 86.69 crore. Despite this substantial interest from the applicants, the issue was only subscribed to 72.24% of its total offering as of 5 PM Yesterday.

Nabil Investment Banking Limited is appointed as the issue manager for this right issue.

The book closure date was scheduled on 1st Shrawan, 2081. Thus, the shareholders maintained until the same are deemed eligible for the rights offering.