Kathmandu. Today is the last day to apply for the right shares of People’s Power Limited, which has been open for issue and sale since July 15.

The company has issued 10 units of right shares in the ratio of 5 units. Accordingly, the company has issued 3,163,000 units of right shares with a face value of Rs 100 per share worth Rs 316.3 million.

The company had closed the book for the purpose of issuing the right shares on July 15. According to this, the shareholders can apply for the right shares in NEPSE till June 30.

Prabhu Capital Limited is the issue manager of the company. Investors can apply from Prabhu Bank’s Ilam, Jawalakhel (Lalitpur), Birgunj, Pokhara, Butwal, Surkhet and Dhangadhi branch offices.

Similarly, banks and financial institutions participating in the C-ASBA service licensed by the Securities Board of Nepal can also apply online using the C-ASBA system and the software ‘Mero Share’ created by CDS and Clearing Limited online.

At present, the paid-up capital of the company stands at Rs 632.6 million. After the issue and allotment, the paid-up capital of the company will reach Rs 948.9 million.