10.5% Bonus Shares of Api Power Company (API) Now Listed in NEPSE
Mon, Nov 15, 2021 1:46 PM on Latest, Dividend, Bonus & Rights, Share Listed,
26,21,594 units bonus shares of Api Power Company Limited (API) have been listed in NEPSE.
Api Power Company convened its 18th AGM for the FY 2077-78 under the leadership of its chairman on Bhadra 25, 2078. The AGM endorsed the board’s proposal to provide 10.5% bonus shares and 1:0.3936 right shares to its shareholders.
The same bonus shares are now listed in NEPSE.
The company is currently constructing a 40 MW Upper Chamelia project as well as a few MW solar projects in different parts of the nation. Api Power Company has already operationalized the 4 MW Chandrapur Solar Project and is looking forward to becoming a 62.5 MW project by the next year thereby creating more revenue sources for its growth.
As of writing, API has an LTP of Rs. 516.