Api Power Company To Float Right Share In Ratio 1:0.2938

February 23, 2021 | Investopaper

Api Power Company Limited is going to float the right shares to its shareholders. The company has submitted the application to the Securities Board Of Nepal (SEBON) on Falgun 9, 2077 BS for the right offering. The hydropower is planning to issue right in the ratio of 1:0.2938. This means that shareholders with 100 shares can apply for 29.38 right shares.

If approved by Sebon, the company will sell 56,70,000 right shares at a par value of Rs 100. Hence, the total right issue size amounts to Rs 56.70 crores.

Muktinath Capital Limited has been appointed as the issue manager.

Previously, Api Power Company had issued 56.70 lakh right shares in the ratio 1:0.47 from Karthik 14 to Mangsir 4, 2077 BS.


Suggested Readings:

Suggested Readings:

Api Power Company 1:0.47 Right Share

How To Apply IPO/FPO/Right Share Through Asba In Mero Share?

Investopaper

Investopaper is a financial website which provides news, articles, data, and reports related to business, finance and economics.

Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!