The company is issuing 5,249,197 units of right shares with a face value of Rs 100 at the ratio of 1:05. The company closed its book on March 22 for the right issue, thus, the shareholders registered in its book till March 21 are eligible to apply for the right issue.
The company has appointed Muktinath Capital as its issue manager. The interested exisiting shareholders of the company can apply for the right shares from the office of issue manager, office of Arun Valley Hydropower Development at Trade Tower, Thapathali and designated branches of Muktinath Bikas Bank.
Moreover, they can apply from all ASBA approved BFIs and Meroshare. The issue will close on May 9.
Care Ratings Nepal has assigned ‘CARE NP BB+’ rating to the issue indicating average risk.
Currently, the company has a paid-up capital of Rs 1.04 billion. After the right issue, the paid-up capital of the company will reach Rs 1.57 billion.
