Right Alert! Issue of 1:0.50 Right Shares of People's Power Opening from Today

People's Power Limited (PPL) is opening the issuance of its 50% rights shares from today i.e., on 22nd Ashad, to 11th 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.

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.

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