The Securities Exchange Board of Nepal (SEBON) has added Api Power Company Limited (API) right shares to its preliminary review pipeline.
The hydropower company intends to issue 40% right shares worth Rs. 1.65 Arba to its existing shareholders in the form of 16,533,137 (1:0.40) units of right shares. API’s current paid-up capital, after adjusting for 7.5% bonus shares, is Rs. 4.13 Arba. As a result, following the issuance of the right share in the ratio of 1:0.40, the company’s paid-up capital will be increased to Rs. 5.78 Arba.
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