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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.
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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.



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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.


 

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