API Power Company Limited (API) has allotted its 1: 0.393632 (1,08,60,000 units) right share issue to its shareholders on 5th Jestha, 2079. The company is refunding money to the non-allottee investors from 9th Jestha, 2079.

1,13,153 shareholders of the company applied for a total of 1,04,07,815 units. The shares have been allotted to applicants accordingly. Thus, the remaining 4,52,185 right shares will be auctioned. The company opened its rights offering on 25th Chaitra, 2078 and concluded on 15th Baisakh, 2079.

If the company happens to sells all its unclaimed right shares in the auction at 10% below its last trading price which is Rs 299, then API shall earn Rs 7.64 crore as premium amount from the auction…


Read full article at ShareSansar.com


Leave a Reply

Your email address will not be published.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


You May Also Like

Budget positive but challenging for implementation: NCC – |

Nepal Chamber of Commerce (NCC) has observed that the budget government brought…

NAV of Mega Mutual Fund 1 Stands Below Par Value in the Month of Baisakh – |

The NAV report of “Mega Mutual Fund 1 (MMF1)” has been unveiled…

Too Many Bad News in Single Day: NEPSE Loses 2.17% and Closes at 2,661.44 – |

The NEPSE index closed at 2,661.44 today after losing 58.99 points from…

SEBON Approves 5 More Institutional Investors to Participate in IPOs Via Book-Building Process – |

Securities Exchange Board of Nepal (SEBON) has chosen five more institutions to…

Last Day to Apply for IPO of Emerging Nepal Limited – |

Emerging Nepal Limited is closing its IPO issue today. Investors have till…