Arun Valley Hydropower Development Company Limited (AHPC) is opening its rights offering from today, i.e. 6th Baisakh, 2078. The issue will close on Baisakh 26th. The rights offering will be done in a 1:0.5 structure, i.e. investors can apply for an extra share for every two shares that they own before the book closure date.
A total of 52,41,197 shares will now be issued at Rs. 100 per unit to eligible investors. Muktinath Capital is appointed the issue manager for this right shares issue.
Chaitra 09 was the book closure date for the rights offering. Thus, investors maintained before that day are entitled to apply for the rights offering.
This is the first phase issue of the 1:1 right shares issue that Arun Valley Hydropower Development Company Limited has already passed via its 21st AGM. This capital will be invested in the Kabeli-B1 Cascade Hydropower Project. The entire rights offering will issue a total of 99,83,232 shares.