Investors can apply for 50% rights shares until Saun 26 following extension
People’s Power Limited has extended the application deadline for its ongoing 50% rights share issuance until Saun 26. The company had initially opened the offering on Asar 22, allowing eligible shareholders more time to participate in the offering.
The company is issuing 31.63 lakh shares at a par value of रू.100 per share in a 1:0.5 ratio — meaning shareholders can apply for 5 shares for every 10 shares held. The current paid-up capital stands at रू.63.26 crore, and after the issuance, it will increase to रू.94.89 crore.
For this rights offering, the book closure was done on Asar 2, which means only those shareholders who were on record by Asar 1 are eligible to apply.
Prabhu Capital is managing the rights issue. Applications can be submitted through various branches of Prabhu Bank, participating C-ASBA member banks and financial institutions, or via the Mero Share portal.
The offering has been rated ‘CARE-NP BB’ by Care Rating Nepal, indicating a moderate credit risk profile.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
