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People’s Power Limited (PPL) has announced the book closure date for its 50% rights shares on 2nd Ashadh, 2082. Therefore, shareholders who possessed their shares prior to Ashadh 1 are qualified for the rights offering.
The firm will be releasing 50% rights shares valued at Rs. 31.63 Crores through the issuance 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 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.
At the time of writing, PPL closed at Rs. 477.70.
