Arun Kabeli Power Allots 100% Right Shares to Shareholders, Company Refunding Non-Allottees From Ashwin 24
Mon, Oct 9, 2023 10:15 AM on Latest, Dividend, Bonus & Rights, Share Allotment,
Arun Kabeli Power Limited (AKPL) has allotted 1,65,37,288 units of right share to its shareholders on 19th Ashwin. The company is refunding money to the non-allotted investors from 24th Ashwin, 2080.
The hydropower company opened its 100% right shares offering from 11th Bhadra to 31st Bhadra, 2080. The hydropower company issued 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.
According to the notice published today, out of the total right shares issued only 1,65,37,288 units were allotted to 78,203 eligible shareholders. The remaining 20,14,817 units of right shares will be later sold via auction.
Nabil Investment Banking Limited was appointed as the issue manager.
As of writing, AKPL has an LTP of Rs. 185.90.
