Allotment Concluded for Auctioned Shares of Api Power Company Limited (API)
Api Power Company Limited has allotted its 13,46,218 units ordinary share via an auction to the general public.
Api Power Company Limited (API) had auctioned its 13,46,218 units ordinary shares from 6th Poush. The auction closed on 13th Poush, 2077.
The company had allotted its 1:0.4761 ratio right shares to its shareholders on 21st Mangsir, 2077. The hydropower company closed the issue of right shares on Mangsir 04. The issue of right shares totalling 56,70,000 units was open from 14th Kartik. Only 43,23,782 shares were allotted. Thus, the remaining 13,46,218 units were auctioned. The general public and institutions were all eligible to bid for the auction.
The allotment has concluded on 23rd Poush, 2077. For those who were not allotted, the security deposit will be refunded on 27th Poush, 2077.
