Peoples Power Limited will open the sale of 3,91,779 remaining unsubscribed rights shares from Bhadra 15, following the initial rights issue period from Asar 22 to Sawan 26.
Peoples Power Limited has announced that it will sell 3,91,779 unsubscribed rights shares through a bidding (auction) process starting Bhadra 15. During the previous rights issue period, from Asar 22 to Sawan 26, shareholders were offered the company’s rights shares, but some shares remained unsold.
Interested individuals and institutions can submit bids to purchase these shares. The minimum bid price is set at NPR 100 per share, and investors may bid at the minimum price or higher. Bids must be submitted for a minimum of 100 shares, but there is no maximum limit on the number of shares an investor can bid for. The final date for submitting bids is Bhadra 22.
Bids can be submitted at the office of the issue manager, Prabhu Capital, located in Kamaladi, Kathmandu, as well as at branches of Prabhu Bank in Biratnagar, Birgunj, Hetauda, Pokhara, Butwal, Surkhet, and Dhangadhi.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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