102
Today marks the final trading day on NEPSE to qualify for the right shares of People’s Power Limited (PPL).
The firm will issue 50% of right shares amounting to Rs. 31.63 Crores by offering 31,63,000 (1: 0.50) units of these shares to its current shareholders. Presently, the paid-up capital stands at Rs. 63.26 Crores. Following the incorporation of the proposed right shares, i.e., 31,63,000 units, the company’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 2nd Ashadh, 2082. Consequently, investors who owned shares prior to that date are eligible to apply for them.
