Shares Listed: Bonus Shares of Suryodaya Laghubitta (SLBS) and Right Shares of Api Power Company (API)

3,30,000 units bonus shares of Suryodaya Laghubitta Bittiya Sanstha Limited (SLBS) are now listed in NEPSE.

The 157th meeting of the board of directors held on Chaitra 01 decided to distribute 15.34% bonus shares and 0.8% cash dividend (for tax purposes) from the paid-up capital. Since the paid-up capital of the company during dividend distribution was Rs. 21,50,42,925, the bonus shares are worth Rs. 3.3 crores and the cash dividend is worth Rs. 17,36,842.11.

The same bonus shares are now listed in NEPSE.

Similarly, 56,70,000 units of right shares of Api Power Company Limited (API) have also been listed in NEPSE.

The company opened its rights offering on 20th Jestha, 2078. The issue was supposed to close on 9th Ashad, 2078. The deadline was extended and the rights offering concluded on 13th Ashad.

The rights offering was in a 1:0.2938 ratio. Api Power Company Limited (API) declared the book closure date for its rights offering on Baisakh 29. Thus, investors maintained before that day were eligible to claim the right shares.

The company issued the right shares to generate capital for the construction of the third project, the Upper Chameliya Hydropower Project with a 40 MW capacity. A total of Rs. 740 crore is estimated to be the cost of the project. The company will cover 30% of the total cost by issuing rights shares to its shareholders in two stages; the first phase has already been completed. The rest 70% will be borrowed.