18.1 C
Saturday, October 23, 2021
    Nepal Stock ExchangeRight | Bonus | DividendThe Api Power Company (API) and Nepal Finance (NFS) have proposed to...

    The Api Power Company (API) and Nepal Finance (NFS) have proposed to issue right shares

    Must Read

    An application for the issuance of 1,08,60,000 right shares has been submitted the regulatory board SEBON by Api Power Company Limited (API).

    The proposal of a 1: 0.3936 rights offering on the paid-up capital retained after the adjustment of bonus shares was approved by the company’s 18th Annual General Meeting, which was held on 25th Bhadra, 2078. After bonus adjustments, the paid-up capital amounts Rs. 275.89 crores. As a result, a total of 1,086,00 shares will be distributed.

    - Advertisement -

    Muktinath Capital has been selected as the issue manager for this transaction. The application was filed SEBON on Ashoj 25, according to the calendar.

    Construction on a 40-megawatt Upper Chamelia project is now underway, and the business is also developing a number of smaller-scale solar projects in various parts of the country. Api Power Company has already the construction of the 4 MW Chandrapur Solar Project and plans expand it to a 62.5 MW project by the end of the year, generating additional revenue streams for the company’s expansion and development.

    - Advertisement -

    In a vein, Nepal Finance Limited (NFS) has submitted its application issue 1:0.7 right shares to shareholders.

    The financial business intends issue 70 of its right shares, which are valued at Rs 49.34 crores, out of its paid-up capital. This translates to 34,54,474.28 shares of common stock. The company’s paid-up value will increase by Rs 83.89 crore as a result of the issue.

    It has been decided appoint Prabhu Capital as the issue manager. The application was submitted to SEBON on Karik 01, according to the company.

    You May Also Like


    Please enter your comment!
    Please enter your name here

    Latest News

    Nyadi Hydropower’s IPO Allotment Concludes

    The initial public offering (IPO) of Nyadi Hydropower Limited has been completed today at the Naxal office of issue...

    More Articles Like This