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People's Power Limited's right share sale opens in 1:0.50 ratio
Author
Nepse trading
People's Power Limited has opened the sale of right shares from today in the ratio of 1:0.50. The company has issued right shares equivalent to 50 percent of its current paid-up capital.
The company has put up for sale a total of 3163,000 units of right shares, worth Rs 316.3 million. The last date to apply for right shares is 11th Shrawan.
As the company closed the book for the right share issue on 2nd Ashar, only shareholders who were in existence till 1st Ashar will be eligible to apply for this right share. Prabhu Capital Limited is the sale manager.
