Kathmandu. People’s Power Limited has fixed the book closure date for the issue of right shares. The company has decided to close the book for issuing 50 percent right shares on July 15.
According to this, only shareholders can apply for the right shares of the company till June 30. The company has received approval from the Securities Board of Nepal to issue 3.163 million units of right shares at the rate of Rs 100 per share.
Since the company has been allowed to issue right shares in the ratio of 1:0.50, those holding 10 units of ordinary shares of this company can apply for 5 units of right shares.
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