Deadline Extended for 1: 0.50 Right Offering of People's Power Limited
Sun, Jul 27, 2025 8:34 AM on Latest, Dividend, Bonus & Rights,
People's Power Limited (PPL) has extended the deadline for its ongoing rights offering. Initially opened on 22nd Ashadh, 2082, the issue was scheduled to close on 11th Shrawan, 2082. However, as per the latest notice, the rights offering will now remain open until 26th Shrawan, 2082.
The company will be issuing 50% right shares worth Rs. 31.63 Crores through the issue of 31,63,000 (1: 0.50) units of right shares to its existing shareholders. The current paid-up capital is Rs. 63.26 Crores. After the adjustment of the proposed right share, i.e., 31,63,000 units, the company's paid-up capital will increase to Rs. 94.89 Crores.
According to the CDSC, 85,028 applicants applied for 14,89,225 units of right shares, equivalent to Rs. 14.89 crores.
Prabhu Capital Limited is appointed as the issue manager.
The book closure date is 2nd Ashadh, 2082. Thus, investors who maintained before that day can apply for the shares.
