50% Right Shares of People's Power Limited Approved By SEBON
Sun, May 18, 2025 9:02 AM on Latest, Dividend, Bonus & Rights,
The Securities Board of Nepal (SEBON) has approved the rights offering proposal of People's Power Limited (PPL).
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.
As of writing, PPL closed at Rs. 496.10.
