Arun Kabeli Power Allots 100% Right Shares, Begins Refunds on Ashwin 24


Arun Kabeli Power Limited (AKPL) recently granted 1,65,37,288 units of right shares to its shareholders on 19th Ashwin. For those who did not receive these shares, the company will start refunding their money on 24th Ashwin, 2080.

To raise funds, the hydropower company initiated a 100% right shares offering from 11th Bhadra to 31st Bhadra, 2080. They issued 1,85,52,105 units of right shares valued at Rs. 1.85 Arba to their existing shareholders. As a result of this right share allocation, the company’s paid-up capital will increase to Rs. 3.89 Arba.

 

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