Share MarketApi Power to Issue rightshare from 25th of Chaitra

Api Power to Issue rightshare from 25th of Chaitra

Api Power Company Limited (API) is going to issue right shares from Chaitra 25. The company is about to issue 39.36 new shares equal to the existing 100 shares.

Accordingly, the company will issue 1 crore 8 lakh 60 thousand shares equal to 1 Arba 8 Crore 60 Lakh at the face value of one hundred rupees.

For rightshare, the company will close the book on Chaitra 14. Accordingly, only the shareholders of this company who have been traded on Nepse till Chaitra 13 will be able to apply for the said rights.

Muktinath Capital Limited is the Issue manager of the company. Banks and financial institutions with ASBA permission from Muktinath Capital and Securities Board as well as through MeroShare software will be able to apply till Baishakh 15, 2079.

At present the paid up capital of this company which is 2 Arba 75 Crore 89 Lakh 15 Thousand 545.75 paisa will reach 3 Arba 84 Crore 49 Lakh 15 thousand 545.75 after rightshare.

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