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People’s Power Limited (PPL) is commencing the launch of its 50% rights shares starting today, which is 22nd Ashad, and continuing until 11th Shrawan, 2082.
The firm will be distributing 50% rights shares valued at Rs. 31.63 Crores by issuing 31,63,000 (1: 0.50) units of rights shares to its current shareholders. The existing paid-up capital stands at Rs. 63.26 Crores. Following the allocation of the proposed rights shares, i.e., 31,63,000 units, the firm’s paid-up capital will rise to Rs. 94.89 Crores.
Prabhu Capital Limited has been designated as the issue manager.
The book closure date is set for 2nd Ashadh, 2082. Therefore, investors who were holding shares before that date can apply for the shares.
