Peoples Power Limited to Issue Rights Shares from Ashad 22

Peoples Power Limited is set to issue rights shares starting from Ashad 22. The company plans to offer a 50% rights issue in the ratio of 1:0.50 — meaning shareholders can apply for 5 new shares for every 10 shares they currently own.

The rights issue will be offered at a par value of NPR 100 per share, with a total of 3,163,000 shares to be issued. This is based on the company’s current paid-up capital of NPR 632.6 million.

Investors can apply for the rights shares until Shrawan 11. The company had already announced a book closure on Ashad 2, meaning only those shareholders who held shares up to the day before the book closure are eligible to apply.

The company aims to use the proceeds from the rights issue to strengthen its capital base and support future project expansions.