Arun Valley gets Sebon nod to issue 1:1 rights share

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.