Arun Valley Hydropower (AHPC) To Close 50 Percent Right Issue On Jestha 2

May 16, 2021 | Investopaper

Arun Valley Hydropower Development Company Limited (AHPC) is currently issuing the right share in the ratio of 1:0.50. This means that shareholders with 100 shares can apply for 50 right shares. The right issue is open from Baisakh 6, 2078 BS. Investors holding/purchasing the shares of AHPC until Chaitra 12, 2077 BS (before the book closure date) can apply for the right.

Due to current COVID crisis, the company has decided to extend the deadline for application until Jestha 2, 2078 BS. Previously, the last date to apply was until Baisakh 26, 2078 BS.

Securities Board of Nepal (SEBON) had provided the approval on Falgun 25, 2077 BS to issue a 50 percent right share. The hydropower company had submitted the application for right issuance on Ashwin 21, 2077 BS.

The company will issue 5,241,197 right shares at a par value of Rs 100. Hence, the right issue amounts to Rs 52.41 crores.

Muktinath Capital Limited has been appointed as the issue manager for floating the right shares of AHPC.

Related:

How To Apply IPO/FPO/Right Share Through Asba In Mero Share?

ASBA & C-ASBA In Nepal: Every Thing You Need To Know

About Arun Valley Hydropower Development Company Limited (AHPC)

Arun Valley Hydropower Development Company Pvt. Ltd. was established on 12^th March 1998 under the Company Act of Nepal. The company has developed and operated the Piluwa Khola Hydropower Project in the Sankhuwasabha district with an installed capacity of 3 MW. The project started commercial operation from Ashwin 1, 2060. After Piluwa Khola Hydropower Project,  AHPC constructed Kabeli B-1 HEP (25 MW) in Panchthar and Taplejung District. It will come into operation very soon. Similarly, AHPC has received a construction license for 9.94 MW Kabeli B1 Cascade HPP  on Ashoj 12, 2076.

Arun Valley Hydropower Company converted into a public limited company from the private limited company on 20^th August 2005. The company floated 30 percent of its share to the public in June 2009. This is the first hydropower company in Nepal to float its share in premium value i.e. Rs. 184 per share, where Rs.100 was face value and Rs.84 was premium value.

Suggested Readings:

List Of Hydropower Projects In Nepal (Developed By Private Sector)

Paid-Up Capital Of Hydropower Companies Listed In Nepal Stock Exchange

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