Last Day to Apply for Rights Shares of Aankhukhola Hydropower Company

Today (Bhadra 16) is the last day to apply for the rights shares issued by Aankhukhola Hydropower Company Limited (AKJCL). The company has issued rights shares at a ratio of 150% of its current paid-up capital, offering 15 rights shares for every 10 existing shares.

Key Highlights:

Rights Share Issuance:

• The company has issued 12 million rights shares worth NPR 1.2 billion.

• The shares are priced at a nominal value of NPR 100 per share.

• The book closure was done on Shrawan 1; shareholders who traded their shares on NEPSE until Asar 31 are eligible to apply.

Rating and Risk:

• ICRA Nepal has given the company an "ICRA NP Issuer Rating B Minus," indicating a high risk.

Issue Manager and Application Points:

• Nabil Investment Banking Limited is the issue manager.

• Applications can be submitted through branch offices of Prime Commercial Bank, Prabhu Bank, Machhapuchchhre Bank, and Kumari Bank, as well as participating banks and financial institutions through the C-ASBA system.

Company's Paid-Up Capital:

• Current paid-up capital is NPR 800 million, which will reach NPR 2 billion after the rights share allocation.

Utilization of Raised Funds:

• NPR 800 million will be invested as equity in the Aankhukhola-2 Hydropower Project.

• The remaining NPR 400 million will be used for partial repayment of long-term loans for the Aankhukhola-1 Project.

Investors should not miss this opportunity to contribute to the company's plans and gain potential future benefits from this rights share issuance.