Kathmandu. Today is the last day to secure the right shares of People’s Power Company.
The company has decided to close the book on July 15 to issue right shares. This means that only the shareholders who have been retained till June 15 will be eligible to fill the right shares of this company.
The Securities Board of Nepal had approved the issuance of right shares on May 15. The Securities Board of Nepal (Sebi) has allowed People’s Power to issue 100 per cent right shares in the ratio of 1:0.5 of its existing paid-up capital.
With the approval of the Board, the company will now open a total of 3.163 million units of shares worth Rs 316.3 million to its shareholders at a face value of Rs 316.3 million.
Prabhu Capital is the right share sale manager of the company.
