People’s Power Limited (PPL) Right Shares Listed on NEPSE!
Exciting news for PPL shareholders! The right shares of People’s Power Limited (PPL), totaling 31,63,000 units, have officially been listed on the Nepal Stock Exchange (NEPSE). This is a significant development for investors and the Nepalese stock market as a whole.
Remember that PPL right share issue? The company offered these shares at a ratio of 1:0.50, meaning shareholders could purchase 0.50 right share for every 1 share they already owned. The offering period ran from Ashadh 22nd to Shrawan 26th, 2082. Out of the total offering, 2,771,221 shares were successfully allocated to eligible shareholders.
What happened to the remaining unsubscribed right shares? A total of 391,779 units of unsubscribed right shares were later offered through an auction, which took place from Bhadra 15th to Bhadra 22nd, 2082. Now, all 3,163,000 units of right shares are available for trading on NEPSE.
Prabhu Capital Limited played a crucial role in managing the auction process. Their expertise helped ensure a smooth and efficient distribution of the remaining shares.
As of this writing, the Last Traded Price (LTP) of PPL shares stands at Rs. 311.00. Keep an eye on NEPSE for updated stock prices and market trends to make informed investment decisions. This listing provides an opportunity for both existing and new investors to participate in the growth of People’s Power Limited and the hydro power sector in Nepal.
