By Karuna Thapa
Kathmandu, March 13
Api Power Company Limited will issue an additional one billion shares. Api Power would issue a Rs 1.86 billion share to its shareholders as soon as the Securities and Exchange Board approves the application.
The appellant had requested approval from the Securities and Exchange Board to sell 39.36 percent of the shares. The business intends to issue 186,000 shares, according to the application.
Api Power Company was granted permission to issue right shares in the ratio of 10:9.93 by the Securities and Exchange Board on March 10. Muktinath Capital Limited, the company’s chosen sales manager, will issue the authorized shares as soon as the board approves.
In May of last year, the corporation issued 29.38 percent of the outstanding shares. In the first six months of the current fiscal year, the firm made a profit of Rs 143 million.
