April 19, Kathmandu- Arun Valley Hydropower Development Company Limited (AHPC) is opening right issue and sale of shares from today (April 20). The company is going to issue new shares in the ratio of 0.5 lots of shares equal to the existing one lots of shares. Accordingly, the company will issue 52.41 million 197 shares at the face value of Rs. 100, equivalent to Rs. 524.11 million.
The company had canceled the book filing on March 22 for the rightful eviction. Accordingly, only the shareholders of this company will be able to apply for the said rights till March 21.
Muktinath Capital Limited is the sales manager of the company's shares. Applications for the rights can be submitted from the designated branch offices of Muktinath Capital, Arun Valley Hydropower Development Company, Trade Tower, Thapathali, Muktinath Development Bank.
In addition, banks and financial institutions that have received assurance from the Securities and Exchange Board will be able to apply through Alva Mero share software till May 8.
Care Rating Nepal has given Care NP Double B Plus Issuer rating to the company in the rating given for the right share issue. This indicates an average risk in the company's ability to bear liabilities.
The paid-up capital of the company, which is currently Rs 1.48 billion, will reach Rs 1.57 billion after the rightful disposal.