Approved by the rightful share board of API Power

KATHMANDU: MONDAY, MAY 3, 2021 – The proposal made by API Power Company Limited to issue right shares to the Securities and Exchange Board has been approved. The company has received approval to issue 5.67 million shares.

The company had sent a proposal to the board preparing to issue right shares at the rate of 0.2938 shares equal to 1 share.

Muktinath Capital Limited has been appointed as the manager of the issue and sale of the company’s rightful shares.