(PPL) SEBON Approves People's Power Limited's Rights Share Issuance

People's Power Limited (PPL) has received approval from the Securities Board of Nepal (SEBON) to issue rights shares. The approval was granted on Jestha 2, 2082.

The company will issue rights shares at a ratio of 1:0.50, meaning shareholders will be able to buy one share for every two shares they currently own. A total of 3,163,000 units of rights shares, each with a face value of NPR 100, will be issued—bringing the total value of the issuance to NPR 31.63 crores.

Prabhu Capital Limited has been appointed as the issue and sales manager for the offering.