People’s Power Limited Rights Issue Extended: Deadline Approaching!
Investors, take note! People’s Power Limited (PPL) has extended the application deadline for its much-anticipated rights share offering. If you’re a PPL shareholder, this is crucial information you need to know to participate in the stock market opportunity. The new deadline is Saun 26, so don’t miss out!
The rights issue offers a 50% share allocation. This means that for every 10 shares you currently hold, you can apply for 5 additional shares. This presents a great chance for shareholders to increase their stake in People’s Power Limited. The company is issuing a total of 31.63 lakh shares at a par value of रू.100 per share. This is an excellent opportunity for investment!
The company’s paid-up capital currently sits at रू.63.26 crore. After the successful completion of this rights offering, the paid-up capital will increase to a robust रू.94.89 crore, a sign of growth and financial stability. This is promising news for existing and potential investors.
Eligibility is determined by the book closure date, which was Asar 2. Only shareholders who were on record by Asar 1 are eligible to apply for the rights shares. Make sure you’re eligible before applying!
How can you apply? The process is made easy by Prabhu Capital, the rights issue manager. You can submit your applications through various channels. Visit any branch of Prabhu Bank, participating C-ASBA member banks, or financial institutions. You can also conveniently apply through the Mero Share portal.
People’s Power Limited‘s rights issue has been rated ‘CARE-NP BB’ by Care Rating Nepal. This rating indicates a moderate credit risk profile, providing further insights for potential investors considering this investment avenue. Stay informed about the stock market with the latest financial news and don’t miss this investment opportunity! This is a great time to explore share market options!
