People’s Power Limited (PPL) has released a proposal letter regarding the allocation of its 50% rights shares.
As stated in the proposal letter publicly disclosed by the organization, applications for its rights shares will be available in the ratio of 1:1 or 100% from the 22nd of Ashad to the 11th of Shrawan, 2082.
The corporation plans to issue 50% rights shares valued at Rs. 31.63 Crores through the distribution of 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 adjustment for the upcoming rights share, specifically the 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 set for the 2nd of Ashadh, 2082. Hence, investors who hold shares before this date are eligible to apply for the shares.
