People's Power Limited To Issue 50% Right Shares from Ashad 22
Fri, Jun 27, 2025 11:12 AM on Dividend, Bonus & Rights, Highlight News,
People's Power Limited (PPL) has published an offer letter for the issuance of its 50% rights shares.
According to the offer letter made public by the company, it is set to open applications for its right shares in the ratio of 1:1 or 100% from 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.
