Arun Kabili to Issue General Shares from May 16

May 8: Headquartered at Thapathali, Kathmandu, Arun Kabeli Power Limited is issuing 1.5 million general shares from May 16. The company is issuing 600,000 units of shares for mostly affected areas Nagi, Thurpu and Amarpur VDC of Pachthar and Sablakhu, Sinam, Thumdin and Naxibote VDC of Taplejung. Meanwhile, it has allocated 900,000 units of shares for locals of Pachthar and Taplejung districts. The company has planned to issue total of 20 percent (3 million shares) to general public in the final phase.  

The share issuance will closed in May 30 with possible extension till June 19.  The interested investors can apply for minimum of 50 units and maximum of 10,000 units of shares. The company has appointed Siddhartha Capital as its issue manager.

Interested investors can apply for the shares from the Headquarter of the company located at Trade Tower, Thapathali, Fidim branch of Saptakoshi Development Bank, Forward Community Micro Finance in Rabirake, Taplejung and Fidim.