People’s Power Limited has deposited the 50% rights shares, which were sold through auction, into the DEMAT accounts of the shareholders. The company has listed 3,136,000 units of rights shares in the secondary market and transferred them to investors’ accounts.
These shares were listed on Kartik 14 and have been tradable in the secondary market since Kartik 16. Prabhu Capital Limited was the issue and sales manager for the rights shares.
The company has requested investors who have not yet opened a DEMAT account or dematerialized their shares to do so as soon as possible, since the rights shares are deposited only in DEMAT accounts.
After the allotment of 50% rights shares, the company’s paid-up capital has reached NPR 94.89 crore. The company issued the rights shares to repay loans taken for hydropower project construction and to raise funds for new projects.