Kathmandu. Today is the last day to apply for the right shares of People’s Power. The company had issued right shares to its shareholders from July 1. There was a provision to apply for this right till The Banking Time on July 15. Keeping in view the demand of the shareholders, the deadline for applying has been extended till August 15, according to securities sales manager Prabhu Capital.
The current paid-up capital of the company is Rs 632.6 million. The company has opened the sale of rights shares worth Rs 316.3 million in 5 ratio 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.
