Tag: right shares

  • AHPC Successfully Allots 1:1 Right Shares: Unclaimed Shares to be Auctioned Soon

    AHPC Successfully Allots 1:1 Right Shares: Unclaimed Shares to be Auctioned Soon


    Arun Valley Hydropower Development Company Limited (AHPC) recently completed the allotment of its right shares at a 1:1 ratio on the 27th of Chaitra, 2080. Following the allotment process, shares were distributed to eligible applicants, while those who were not allotted shares will receive their refunds starting from the 30th of Chaitra, 2080.

    During the issuance period, which ran from the 17th of Falgun to the 7th of Chaitra, 2080, a total of 1,86,79,626 units of right shares were made available. The company declared the book closure date for its rights offering on Magh 15, ensuring that investors who held shares before this date were eligible to apply for the additional shares.

    Out of the total issuance, 1,66,87,492 shares were allotted to 33,714 valid applicants. However, there were 19,92,134 (10.66%) shares that remained unclaimed by eligible investors. These unclaimed shares will soon be auctioned off to the general public and institutions.

    Overall, the completion of the right shares allotment signifies an important step for AHPC in its efforts to raise capital and further its hydropower development initiatives.

  • SSHL Plans to Issue 100% Right Shares to Shareholders

    SSHL Plans to Issue 100% Right Shares to Shareholders


    Shiva Shree Hydropower Limited (SSHL) has made an important decision to issue 100% right shares to its shareholders in a 1:1 ratio, according to a recent board of directors’ meeting held on 14th Baisakh, 2080. This move will increase the company’s current paid-up capital from Rs. 1.47 Arba to Rs. 2.95 Arba.

    The primary objective of issuing the right shares is to pay back the bank debt. SSHL is preparing to issue rights after receiving approval from the Electricity Regulatory Commission and the subsequent Annual General Meeting. This is a significant development for SSHL, as it will not only help the company pay off its debts, but it will also increase its capital, giving it more financial flexibility to pursue future endeavors.

    The decision to issue right shares is a common practice among companies, and it allows them to raise capital by offering existing shareholders the right to purchase additional shares at a discounted price. This not only benefits the company but also the shareholders, as it enables them to increase their stake in the company at a lower cost.

    Overall, SSHL’s decision to issue 100% right shares is a positive move that will benefit both the company and its shareholders. The increased capital will give the company more financial flexibility to pursue its goals and pay off its debts, which is always a positive sign for any company.