header banner
ECONOMY

People's Power gets nod to issue 50 percent right shares

Following the approval on Friday, the company will issue 3.16 million right shares to its existing shareholders at a face value of Rs 100 per share, based on its current paid-up capital.
By REPUBLICA

KATHMANDU, May 16 : Securities Board of Nepal (SEBON) has granted approval to People's Power Company to issue right shares in a 1:0.5 ratio.


Related story

Asian Hydropower's IPO opens for public


Following the approval on Friday, the company will issue 3.16 million right shares to its existing shareholders at a face value of Rs 100 per share, based on its current paid-up capital.


 

Related Stories
ECONOMY

Singati Hydro Energy receives permit to issue hund...

ECONOMY

Upper Tamakoshi Hydro Project to issue 100% equity...

ECONOMY

Everest Bank to issue 33 percent bonus shares

ECONOMY

Mega Bank seeks Sebon nod to float rights issue

ECONOMY

Butwal Power Company's FPO under-subscribed