Kathmandu. The deadline for applying for the right shares of People’s Power has been extended.
The company had issued right shares to its shareholders from July 1. There was a provision to apply for this right till The Banking Day today. According to Prabhu Capital, the securities sales manager, the deadline for applying has been extended till August 15 keeping in mind the demand of the shareholders.
The company has opened the sale of 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 has issued a total of 3.16 million 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.
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.
