People’s Power Limited has opened the auction of unsold rights shares from today (Bhadra 15). The company has put 391,779 shares for auction under the public group. Investors can apply until Bhadra 22.
Prabhu Capital Limited is the sales manager for this auction. The minimum price is set at Rs. 100 per share, and shares will be allotted to applicants who bid the highest price. Distribution will start from the highest bid and continue in order of price offered.
Applicants must bid for at least 100 shares, while the maximum can be up to all available shares. Application forms can be collected and submitted at Prabhu Capital’s Kamaladi office in Kathmandu, or at Prabhu Bank branches in Biratnagar, Birgunj, Hetauda, Pokhara, Butwal, Surkhet, and Dhangadhi.
Earlier, the company had issued 3.16 million rights shares at a 1:0.50 ratio from Ashadh 22 to Shrawan 26. The unsold shares from that issue are now being auctioned.
