Api Power Company Will Float Right Shares in a 1:0.2938 Ratio

HIDCL Right Share – Hydroelectricity Investment and Development Co. Ltd issuing 1:1 right share

Api Power Company Limited will issue the appropriate shares to its shareholders. On Falgun 9, 2077 BS, the company filed an application with the Securities Board of Nepal (SEBON) for the right offering. The hydroelectric company intends to issue rights at a 1:0.2938 ratio. This means that stockholders with 100 shares are eligible to apply for 29.38 right shares.

If Sebon approves, the company will sell 56,70,000 right shares at Rs 100 per share. As a result, the total size of the right issue is Rs 56.70 crores.

The issue manager has been named Muktinath Capital Limited.

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