Completion of lock-in period of Api Power Company; More than 69 lakh shares of API to be released from lock-in status

Api Power Company Limited (API) has published a notice regarding the completion of lock-in period. Lock-in period of promoter shares is to be completed by Mangsir 23, 2075 and employee shares is to be completed by Bhadra 14, 2075. So, the company has urged its promoters and employees to dematerialize their shares.

Api Power had issued 30 lakh units IPO shares to the general public from Asadh 24-28, 2072 which were allotted on Bhadra 15, 2072. It had issued 10 lakh units IPO shares to the locals of project-affected region in Darchula district.

Api's current paid-up capital remains at Rs 1.13 arba with promoter-public shareholding structure at 60:40. Once the shares are released, more than 68.04 lakh units promoter shares and 1.02 lakh units employees' shares will be able to be traded freely in the market. It had distributed 8% bonus share from the profits it earned in FY 2073/74 and 5% bonus share for FY 2072/73.