Api Power Company has received preliminary approval from the ERC to issue right shares at a 1:0.40 ratio.


The Electricity Regulatory Commission has given preliminary approval to Api Power Company Limited (API) to issue 16,533,137 units of right shares.
On February 2, the board of directors proposed issuing 40% of the paid-up capital in right shares. 
After adjusting for 7.5% bonus shares, the company’s paid-up capital will be Rs. 4.13 Arba. 
As a result of the 1:0.40 (40% rights issue), the company’s paid-up capital will be increased to Rs. 5.78 Arba. 
The company proposed issuing the right shares to pay off the debt of the projects that it is producing.
Popular Tags:
ERC, Credit, Arun, bittya santha, Share
Highlights:

Leave a Reply

Your email address will not be published.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

More Interesting Read

Prabhu Insurance Company Endorse 5% Dividend for FY 2079/80
Dividend

Prabhu Insurance Company Endorse 5% Dividend for FY 2079/80

Prabhu Insurance Company Limited (PRIN) has announced its 28th Annual General Meeting (AGM) scheduled for the 20th of Baishakh, 2081. The AGM will convene at the Prabhu Complex in Tinkune, Kathmandu, commencing at 10 am on the designated day. Among the key agendas on the table, the AGM will endorse a 5% dividend for the […]

Read More
GBBL Urges Shareholders to Collect Uncollected Dividends: Important Notice for Investors
Dividend

GBBL Urges Shareholders to Collect Uncollected Dividends: Important Notice for Investors

Garima Bikas Bank Limited (GBBL), formerly known as Subhechha Bikas Bank Limited, Nilgiri Bikas Bank Limited, and Sahara Bikas Bank Limited, has issued a notice urging its shareholders to collect unclaimed dividends. According to the notice, some investors have yet to collect dividends for the fiscal year 2074/75. These dividends were due in the fiscal […]

Read More
Mandakini Hydropower Limited Lists Bonus Shares on NEPSE Following AGM Dividend Decision
Dividend

Mandakini Hydropower Limited Lists Bonus Shares on NEPSE Following AGM Dividend Decision

Mandakini Hydropower Limited (MHL) has recently listed 2,79,317.53 unit bonus shares on the Nepal Stock Exchange (NEPSE). This follows the company’s 10th Annual General Meeting (AGM), which took place on Poush 29, 2080, where a 5% dividend for the fiscal year 2079/80 was endorsed. During a board of directors meeting held on the 29th of […]

Read More
Powered by Namaste Webmedia