Kathmandu. People’s Power Limited is going to issue right shares. The company is going to issue 50 percent right shares from Ashad 22.
The company has received permission from the Nepal Securities Board to issue 63 lakh 26 thousand units of right shares at a face value of Rs 100 per unit at the rate of 0.50 units per unit.
The company had closed its books for one day on Ashad 2 for the purpose of issuing right shares. Based on the book close, only shareholders registered with the Nepal Stock Exchange (NEPSE) till Ashad 1 will be able to apply. The last date for submitting applications is 11th of July.
Care Rating Nepal Limited has given Care NP a Double B Issuer Rating in the rating conducted for the issuance of rights shares. The company’s right share issuance and sale manager is Prabhu Capital Limited.
Investors can apply through the sales manager, People’s Power’s website, Prabhu Bank’s Ilam, Jawalakhel, Birgunj, Pokhara, Butwal, Surkhet, Dhangadhi branch offices, all C-ASBA member banks and financial institutions licensed by the Nepal Securities Board, and designated branch offices of the three, as well as through Mero Share Online.
Currently, the company’s paid-up capital is Rs 632.6 million. After the issue and distribution of right shares, the company’s paid-up capital will reach Rs 948.9 million.
प्रतिक्रिया दिनुहोस्