Api Power Company has received preliminary approval from the ERC to issue right shares at a 1:0.40 ratio.
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Api Power Company has received preliminary approval from the ERC to issue right shares at a 1:0.40 ratio.

The Electricity Regulatory Commission has given preliminary approval to Api Power Company Limited (API) to issue 16,533,137 units of right shares. On February 2, the board of directors proposed issuing 40% of the paid-up capital in right shares.  After adjusting for 7.5% bonus shares, the company's paid-up capital will be Rs. 4.13 Arba.  As a result of the 1:0.40 (40% rights issue), the company's paid-up capital will be increased to Rs. 5.78 Arba.  The company proposed issuing the right shares to pay off the debt of the projects that it is producing.
Mahalaxmi Bikas Bank paid a cash dividend of 6.47% to shareholders.
Posted inDividend

Mahalaxmi Bikas Bank paid a cash dividend of 6.47% to shareholders.

Mahalaxmi Bikas Bank Limited (MLBL) has delivered 6.47% cash dividends straight to its shareholders' bank accounts and asked them to dematerialize their shares. On Poush 29, 2079, the firm had its 21st AGM for the fiscal year 2078/79.  The board of directors approved a 10.47% dividend for fiscal year 2078/79.  The 548th board of directors meeting, held on Poush 01, resolved to issue a dividend of 10.47% of the Fiscal Year 2078/79.  Similarly, a cash dividend of 6.47% and bonus shares of 4% were proposed from the Rs. 4.01 Arba paid-up capital.  The same cash dividend is now being paid out.