Peoples Power Limited has extended the deadline to apply for its 50% right share until Shrawan 26. The issuance, which opened on Ashadh 22, is still open for eligible investors.
The company is offering 3,163,000 units of right shares at a ratio of 1:0.5 meaning shareholders can apply for 5 shares for every 10 shares they currently own. Each share is priced at NPR 100. After the issuance, the company’s paid-up capital will increase from NPR 632.6 million to NPR 948.9 million.
Only shareholders who held shares until the book closure date of Ashadh 2 (i.e., those who were shareholders on or before Ashadh 1) are eligible to apply.
Prabhu Capital is the issue manager. Applications can be submitted through Prabhu Bank branches, participating C-ASBA member banks and financial institutions, or via the MeroShare platform.
CARE Ratings Nepal has assigned a “CARE-NP BB” rating to the company, indicating moderate credit risk.
