Rabindra Dhungel, 9 october 2020. Api Power Company is going to issue right shares from November 30. The company is going to issue 56.70 million shares at the face value of Rs 100, equivalent to Rs 567 million. The company is going to issue new shares in the ratio of 0.47 shares equal to the existing one share.
Accordingly, the company will issue 56.70 million shares at the face value of Rs. 100, equivalent to Rs. 567 million. The company had canceled the book filing on March 22, 2008 for the rightful eviction. Accordingly, only the shareholders of this company will be able to apply for the said rights till March 12.
Investors can apply for this right share from Siddhartha Capital, Api Power Company, Trade Tower, Thapathali. Applications can be submitted from Siddhartha Bank’s branch offices in Biratnagar, Birgunj, Pokhara, Butwal, Nepalgunj, Dhangadhi and Surkhet.
Meanwhile, applications can be submitted from Global IME Bank’s Gokuleshwor, Naugada, Khalanga and Baitadi branches in Dachurla. At present, its paid up capital is Rs. 1.97 billion. After the rights sale, the paid up capital will be more than Rs 1.75 billion.