Arun Kabeli Hydropower Unveils Book Closure Date for 100% Rights Offering

Arun Kabeli Hydropower (AKPL) has unveiled the book closure date for its 100% right shares on Ashad 25, 2080. Thus, the shareholders maintained before the 25th of Ashad are eligible for the rights offering.

The hydropower company will be issuing 100% right shares worth Rs. 1.85 Arba through the issue of 18,552,105 units of right shares to its existing shareholders. The paid-up capital of the company will increase to Rs. 3.89 Arba after the issuance of the right shares. The current paid-up capital of AKPL after the adjustment of 10% bonus shares for FY 2078/79 is Rs. 2.04 Arba.

As of writing, AKPL has an LTP of Rs. 357.60.