API Power Company to issue massive 200% right shares; SEBON adds 2.26 crore unit shares in right share pipeline

Securities Board of Nepal (SEBON) has added 200% right shares of API Power Company Limited (API) in its right share pipeline for approval.

The hydropower company is set to issue right shares in the ratio 1:2 for its shareholders. The company will be issuing 2,26,80,000 unit right shares at par value of Rs 100.

Siddhartha Capital Limited has been appointed as the issue manager for the right share issuance.

After the adjustment of 200% right shares, the paid-up capital of the hydropower company will reach Rs 3.39 arba.

Its LTP as on Poush 17, 2075 stands at Rs 153.