Arun Valley
hydropower is going to increase its paid up capital to Rs 609.80 million from
current 304.90 million as it got the green signal from the regulator to issue
1:1 rights shares.
Aftre
Securities Board of Nepal has approved the issuance of Arun Valley rights share
today, the Nepse-listed hydropower company will issue within two months.
The stocks
of the company is being traded at above Rs 600 per unit. It has distributed 15
per cent bonus shares from the profits of the last fiscal year 2012-13.
The company that was
established with Rs 40 million paid up capital is going to invest in 9.6 MW
Upper Piluwa Khola hydropower after the paid upp capital increment. Likewise,
it has also invested in 25 MW Arun Kabeli hydropower project also.
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