Kathmandu: Today (Bhadra 16) is the last day to apply for the rights shares that have been issued and sold by Ankhu Khola Jalvidhyut Company Limited (AKJCL) since Shrawan 27. The company has issued 150 percent right shares of its current paid up capital.
In other words, the company has issued new right shares in the ratio of 15 shares equal to the existing 10 shares. According to this, the company has issued 1 Crore 20 lakh right shares with a face value of Rs 100 per share worth Rs 1 Arba 20 Crore.
The company closed its books on Shrawan 1 for the purpose of issue of rights shares. According to this, until June 31st, the shareholders who have been transacted in NEPSE can apply for the right shares.
In the rating given for the rights issue, ICRA Nepal has given the company ICRANP Issuer Rating B minus. This indicates that there is a high risk in the ability to bear financial obligations on time.
Currently, the paid up capital of the company is Rs 80 Crore. After the rights issue and distribution, the company’s paid-up capital will reach Rs 2 Arba.