Kathmandu. Api Power Company Limited is going to sell 29.38 percent of its shares from June 4. The appellant paid Rs. The sale of 5.67 million shares at the face value of Rs 100 is about to be opened.

Only existing shareholders will be able to apply for this sale which will be on sale till July 25.

Muktinath Capital is the sales manager of this right share. Earlier, the appellant had sold the right shares in the ratio of 1 to zero point 47 from October 29 to November 20. After the said right share, Rs. 1.92 billion 97.56 million has been established.

The appellant is going to sell the right shares on the basis of the same capital. Api Power has also distributed 9 percent bonus shares this year. The company is going to sell 29.38 percent of its shares in the second phase. 2 billion 499.68 million 56 thousand will be reached. The rights rating has been given a Care NPB Plus rating by Care Rating Nepal indicating that it is at high risk to meet its financial obligations.