People’s Power Limited (PPL) is going to issue 50% right shares starting from Asar 22, 2082. The company will offer a total of 31,63,000 shares in a 1:0.5 ratio, meaning shareholders will get one right share for every two shares they hold.
Each share is priced at Rs. 100, making the total offering worth Rs. 31.63 crore. The company had already closed its book on Asar 2, so only those who held shares until Asar 1 are eligible to apply.
Applications will be accepted until Shrawan 11. Prabhu Capital is the issue manager for this right offering. Interested investors can apply through Prabhu Capital, selected branches of Prabhu Bank (including Ilam, Jawalakhel, Birgunj, Pokhara, Butwal, Surkhet, and Dhangadhi), any C-ASBA approved bank or financial institution, or online via Mero Share.
PPL’s current paid-up capital stands at Rs. 63.26 crore, and after this right share issue, it will increase to Rs. 94.89 crore. This move is expected to support the company’s future growth and expansion goals.
