1: 0.393632 API Power Company (API) Rights Offering Ends Today

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API Power Company Limited (API) had issued offer letter to for its rights offering. The issue began on the 25th of Chaitra and end on the 15th of Baisakh, 2079.

A total of 1,08,60,000 units of right shares a 1: 0.393632 were issued to qualified at a nominal value of 100 per share in the rights offering. The was due to be closed on Chaitra 14th. As a result, who held shares prior to that date were eligible to apply for the rights offering.

The company’s 18th AGM, held on 25th Bhadra, 2078, approved the proposal of a 1: 0.3936 rights offering on the paid-up capital retained after bonus shares were adjusted. After bonus adjustments, the paid-up capital was 275.89 crores. As a result, a total of 1,08,60,000 was raised.

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