Arun Valley to cancel FPO & issue 100% right share; to call SGM soon

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    Arun Valley Hydropower Development Co. Limited (AHPC) has informed to cancel the earlier proposed FPO and issue 100% right shares instead.

    As per the notice published in NEPSE today, the Board Meeting of the company held on Falgun 7, 2074 has decided to propose the cancellation of the FPO issue proposed earlier and issue 100% right shares instead. For this, the company shall be calling a Special General Meeting (SGM) soon.

    The paid up capital of the company stood at Rs 93.30 crore in the Q2 of the ongoing Fiscal Year 2074/75. Its paid up capital will reach Rs 1.86 arba if 100% right shares is issued.

    AHPC had earned Rs 1.72 crore in the Q2 of the current Fiscal Year 2074/75.

    Source: Sharesansar