Kathmandu. People’s Power is going to issue right shares to its shareholders from July 1.
The company will sell right shares worth Rs 316.3 million in the ratio of 1:0.5 of the current paid-up capital of Rs 632.6 million i.e. 50 percent. Accordingly, the company will issue a total of 3,163,000 units of right shares at a face value of Rs 100 each.
Investors can also apply through ‘My Shares’ of cdsc and banks participating in c-asba service licensed by the Securities Board of Nepal. Investors can apply from Prabhu Capital, the sales manager of Prabhu Bank, as well as prabhu bank branches in Ilam, Jawalakhel, Birgunj, Pokhara, Butwal, Surkhet and Dhangadhi.
People’s Power’s right can be applied till July 15, 2020. The company had closed the book on July 15 to issue this right. According to this, the shareholders can apply for it till June 15.
After the sale of the right shares, the paid-up capital of the company will reach Rs 948.9 million.
