People's Power Limited Unveils Book Closure Date for 50% Rights Offering
Fri, Jun 6, 2025 9:59 AM on Latest, Dividend, Bonus & Rights, Book Closure,
People's Power Limited (PPL) has unveiled the book closure date for its 50% right shares on 2nd Ashadh, 2082. Thus, shareholders who held their shares before Ashadh 1 are eligible for the rights offering.
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. 477.70.
