Updates:
In addition to proposing 17.89% dividend, Arun Kabeli Power Limited calls today’s AGM to also endorse the company’s 1 to 1 rights offer
The 11th Annual General Meeting of Arun Kabeli Power Limited will take place on 26th Bhadra, 2078. It will start at 11 am that day at the company’s headquarters in Thapathali, Kathmandu.
In addition to endorsing the 17.89% dividend for the fiscal year 2077/78, the AGM will also discuss other matters. According to the board, for tax purposes, 17% of bonus shares will be granted and 0.89% will be distributed in cash dividends. Additionally, the AGM will approve the issuance of 1: 1 right shares with respect to the retained bonus shares after adjustment.
The book deadline is Bhadra 15. AGM attendance is also available to shareholders who maintained their accounts before that date. Bhadra 15 to Bhadra 25 will be the closure day for the library. AKPL’s LTP at the time of writing is Rs. 729, a gain of 10% from yesterday.
Does Arun Kabeli Power Limited issue the right shares?
Social media platforms have been circulating the “offer letter” of Arun Kabeli Power Limited‘s rights issue. Sharesansar has been informed by some ill doers that they have misappropriated our brand identity and logo in order to appear authentic.
No such announcement has been made by Arun Kabeli Power Limited. A photoshopped version of our announcement appears to have been used.
Information regarding the capital market should only be obtained from reliable sources. We continue to see people misuse our brand image as our credibility and reader base increasingly improve.
Be cautious when relying on information shared on Facebook or Twitter. The news can be verified with a link to our official website if it is authentic. This is an altered version of a previous press release, being used solely to mislead readers. We have published no news or announcement about this issue.
Please note that Arun Kabeli Power Limited has yet to announce its rights offering. It is no longer necessary for investors to contact Muktinath Capital. Muktinath Capital CEO Kabindra Dhoj Joshi has spoken to us and the answer they will give is the one that is in this article.
Upcoming IPO
| S.N. | Symbol | Company | Units | Price | Opening Date | Closing Date | Status | View |
|---|---|---|---|---|---|---|---|---|
| 1 | SLIL | Sanima Life Insurance Company Limited | 6,000,000.00 | 100.00 | 2021-08-04 | 2021-08-08 | Closed | |
| 2 | MALBSL | Manushi Laghubitta Bittiya Sanstha Limited | 393,750.00 | 100.00 | 2021-08-11 | 2021-08-15 | Closed | |
| 3 | MKJCL | Mailung Khola Jal Vidhyut Company Limited | 736,286.00 | 100.00 | 2021-07-29 | 2021-08-02 | Closed | |
| 4 | BBHCL | Buddha Bhumi Nepal Hydropower Company Limited | 800,000.00 | 100.00 | Coming Soon | Coming Soon | Coming Soon | |
| 5 | URJA | Sahas Urja Limited | 10,500,000.00 | 100.00 | Coming Soon | Coming Soon | Coming Soon |
Upcoming Right Shares
| S.N. | Symbol | Company | Ratio | Units | Price | Opening Date | Closing Date | Status | View |
|---|---|---|---|---|---|---|---|---|---|
| 1 | EDBL | Excel Development Bank Limited | 2,433,363.67 | 100.00 | Coming Soon | Coming Soon | Coming Soon | ||
| 2 | API | Api Power Company Limited | 1:0.2938 | 5,670,000.00 | 100.00 | 2021-06-03 | 2021-06-27 | Closed | |
| 3 | HIDCL | Hydroelectricity Investment and Development Company Limited | 1:1 | 110,000,000.00 | 100.00 | 2021-07-20 | 2021-08-24 | Open | |
| 4 | AHPC | Arun Valley Hydropower Development Company Limited | 1:0.5 | 5,241,197.00 | 100.00 | 2021-04-19 | 2021-05-16 | Closed | |
| 5 | CIT | Citizen Investment Trust | 100:82.84 | 13,592,592.00 | 100.00 | 2021-01-12 | 2021-02-01 | Closed |