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People’s Power gets permission from board to issue rights

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Kathmandu. People’s Power Limited has received approval from the Securities Board of Nepal to issue right shares. The board had approved the issue of right shares to the company on May 15.

The company will now issue 3.163 million units of right shares at a face value of Rs 100 per share worth Rs 316.3 million in the ratio of 1 to 0.50.

Prabhu Capital Limited is the issue manager of the company.

GBIME

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