17,20,561.50 units bonus shares of Api Power Company Limited (API) have been listed in NEPSE.
The latest AGM of the company had endorsed 5% bonus shares as a dividend for the fiscal year 2075/76 and another 9% bonus shares as a dividend for the fiscal year 2076/77. 0.26% and 0.47% cash dividends were provided for the respective fiscal years for tax purposes.
Since the book closure of the 5% dividend was already declared in 2076, Chaitra 01, only the investors maintained before that date got the 5% bonus shares. Meanwhile, the book closure for the 9% bonus shares was on Mangsir 01, 2077. It should be noted that the 9% dividend was distributed on the increased paid-up capital after incorporating the previous 5% bonus shares.
While writing this, API has an LTP of Rs. 280.