Api Power to Increase Paid-Up Capital

April 11: Api Power Company Ltd has concluded its special general meeting (SGM) in Kathmandu on April 10. In the SGM, the company informed of obtaining approval of earlier proposed right share after June 25.

The paid up capital of the company reached Rs 1.05 billion after distribution of bonus share of the FY 2072/73. After issuing the 1:2 right shares, the paid-up capital will reach Rs 2.10 billion, said the company. On the occasion, the company detailed that the capital obtained from right share issuance will be invested in various solar power projects to be developed by the company. Moreover, the fund will also be invested in 75 MW Trisuli Galchi Project promoted by Siddhakali Power Ltd.