1,08,60,000 units right shares of Api Power Company Limited (API) have been listed in NEPSE.
The 18th AGM of the company held on 25th Bhadra, 2078 had endorsed the proposal of 1: 0.3936 rights offering on the paid-up capital maintained after the adjustment of bonus shares. The paid-up capital after bonus adjustment was Rs. 275.89 crores. Thus, a total of 1,08,60,000 shares were issued. In the rights offering of 1: 0.393632 ratio, a total of 1,08,60,000 units of right shares were issued at par value of Rs. 100 per share to eligible shareholders from 25th Chaitra to 15th Baisakh.
Chaitra 14 was the book closure date. Thus, shareholders maintained before that day could apply for the rights offering. Unclaimed right shares were later auctioned and allotted to the successful bidders. The same right shares are now listed in NEPSE