Kathmandu. People’s Power Limited has opened the issue and sale of right shares from Sunday. The company is issuing right shares equivalent to 50 percent of the current paid-up capital.

Accordingly, the company will issue right shares in the ratio of 5 units of new shares equivalent to the existing 10 units of shares. Accordingly, a total of 3,163,000 units of shares with face value of Rs 100 per share will be issued with a total value of Rs 316.3 million.

The company has already closed the book for the issue of right shares on July 15. Under this, only the shareholders who have traded in NEPSE till June 15 can apply. Applications for this right share can be made till July 15.