People’s Power Limited Closing Issue of 2:1 Right Share from Today
August 11, 2025 | Investopaper
People’s Power Limited (PPL) is currently selling the right shares to the shareholders. The company is issuing right shares in the ratio 2:1. This means that shareholders’ with 100 shares can apply for the additional 50 right shares.
The right issue is open from Ashad 22, 2082 BS and will close on Shrawan 26, 2082 BS.
For this purpose, the company has announced the book closure date on Ashad 2, 2082 BS. Therefore, the investors holding/purchasing the shares of PPL until Ashad 1, 2082 BS will be eligible to purchase the right shares.
Securities Board Of Nepal (SEBON) has given the permission to the company on Jestha 2, 2082 BS regarding the right offering.
As of Chaitra’s end 2081 BS, People’s Power Limited has a paid-up capital of Rs. 63.26 crores. Hence, the company has plans to float 31,63,000 shares in the right offering. At a par value of Rs 100, the right issue amounts to Rs 63.26 crores.
After the right issue, the paid-up capital will reach Rs. 126.52 crores.
Prabhu Capital is the issue manager for the right offering.
People’s Power Limited is currently operating a 4.96 MW project at Puwakhola in Ilam Municipality of Illam District since Mangsir 12, 2079 BS.
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