People's Power Limited Closing Issue of 1: 0.50 Right Shares from Today
Summary
People's Power Limited is closing its 1:0.50 rights share issue today, issuing 31,63,000 shares worth Rs. 31.63 Crores to existing shareholders, increasing paid-up capital to Rs. 94.89 Crores.
Key Points
- People's Power Limited is closing its rights offering today, earlier than the scheduled date.
- The company is issuing 50% right shares worth Rs. 31.63 Crores through 31,63,000 units.
- The current paid-up capital is Rs. 63.26 Crores, which will increase to Rs. 94.89 Crores after the rights issue.
- According to CDSC, 92,554 applicants applied for 16,62,913 units, worth Rs. 16.62 Crores.
- Prabhu Capital Limited is appointed as the issue manager for this rights offering.
