1: 0.40 Rights Offering of Api Power Company Closing Today
Tue, Sep 5, 2023 8:03 AM on Dividend, Bonus & Rights, Latest,
Api Power Company Limited (API) is closing the issue of its ongoing 1: 0.40 ratio right shares from today i.e. 19th Bhadra, 2080. This issue was open from the 31st Shrawan. Therefore all the eligible investors are requested to apply for the right shares before banking hour today.
The current paid-up capital of the company is Rs. 4.13 Arba, which will increase to Rs. 5.78 Arba after the proposed issue. Under the new rights issue, the hydropower company will distribute the ratio of 1:0.40, resulting in a total of 1 crore 65 lakh 33 thousand 137 right shares with a nominal rate of Rs. 100 each.
The Securities Board of Nepal (SEBON) granted permission for the issuance of the right shares on Ashad 6. The company had formally applied to the board seeking permission on the 6th of Chaitra.
Laxmi Capital Markets Limited is appointed as the issue manager of this right share.
