Api Power has received permission from the Securities and Exchange Board to sell more than 1 crore shares. The Nepal Securities Board (NSB) on Thursday allowed Api Power Company Limited to sell 1 crore 8 lakh 60 thousand shares. The company has received permission from the Security board of Nepal on Phagun 26 to issue the right shares in the ratio of 1: 0.3936 on the basis of the existing paid-up capital.
At present, the company’s paid-up capital is 2 Arba 75 Crore 89 Lakh 15 thousand rupees. The appellant had applied to the board for the right Share on 2078 Ashoj 25.
The issue and sale manager of the company is Muktinath Capital Limited.