Api Power Company Receives Final Approval From Electricity Regulatory Commission to Issue 40% Right Shares

Mon, Mar 13, 2023 11:21 AM on Latest, Dividend, Bonus & Rights, NEPSE News,

In relation to the consent granted for the issuance of rights shares of Api Power Company Limited (API).

The meeting of the board of directors held on Magh 02 proposed to issue 40% right shares from the paid-up capital. The paid-up capital of the company after the adjustment of 7.5% bonus shares will reach Rs. 4.13 Arba.

 In relation to the application submitted on Falgun 17 for prior approval for the public issue of rights shares by API Power Limited, the paid- up capital of the company after the 40% right shares will be Rs. 5.782 Arba.

According to the decision of the 188th meeting, the company has been granted consent by Electricity Regulatory Commission to issue 1,65,33,137 right shares at a nominal rate of Rs. 100.

 The company proposed to issue the right shares to pay off the debt of the projects that are being produced by the company.