Api Power to Close Book on July 7 for Right Issue

Jun 28, 2023 11:10 AM Merolagani



Api Power Company (API) has announced book close date for upcoming right issue.

The company is closing its book on July 7 for the right issue.

Therefore, the investors registered in its book till July 6 will be eligible to apply for the right shares.

The company is issuing 1:0.40 right shares to its existing shareholders.

Accordingly, it will issue 16,533,137 units of shares at a face value of Rs 100 amounting to Rs 1.65 billion.

Right now, the company has a paid-up capital of Rs 4.13 billion.




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