10.5% Bonus Shares of Api Power Company (API) Now Listed in NEPSE

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.