Applications for 100% right shares of Arun Kabeli Power opens from today, who is eligible to apply?

Kathmandu. Right share sale of Arun Kabeli Power Limited has been opened. The company has opened the sale of 1 crore 85 lakh 52 thousand 105 right shares from Monday 11th of Bhadra i.e. (today) at the ratio of 1:1.

The company is issuing right shares worth 1 Arab 85 crore 52 lakhs 10 thousand and 5 hundred at the rate of Rs. 100. Ashar 25 was the book close date. If you are a share holder of the company before Ashar 25, you are eligible to apply for the right shares. Share holders can apply for the right shares from Bhadra 11 to Bhadra 31.

How to apply?

Nabil Investment Banking acted as the rightful share sale manager. Applications can be made from Nabil Investment Banking and Arun Kabeli's office Trade Tower Thapathali.

The company said that only checks will be paid when applying from that place. Applications can also be made from designated branch offices of Himalayan and Nabil Bank. In addition to this, applications can be made through banks and financial institutions that have received an ASWA permit from the Securities Board and through My Shares.

The paid up capital of the company is 1 billion 85 crore 52 lakh 10 thousand 500 rupees. After issuing the rights, its paid-up capital will reach 3 billion 71 crore 4 lakh 21 thousand rupees.

The credit rating agency Icra Nepal has given Icra NP Triple B minus rating to the rights shares. This indicates that the ability to meet financial obligations is moderately safe.