Transcorp Power Plc lists 7.5 billion shares at N240 per share on Nigerian Exchange Ltd (NGX), raising market capitalization to N1.8 trillion.

Transcorp Power Plc, a subsidiary of Transnational Corporation Plc, has listed 7.5 billion ordinary shares at N240 per share on the Nigerian Exchange Ltd (NGX). The listing adds approximately N1.86 trillion to the equities market capitalization and brings Transcorp Power's total market capitalization on NGX to N1.8 trillion. The power company, which operates the Ughelli Power Plant in Delta State with an installed capacity of 972MW, aims to diversify existing shareholders, access larger pools of capital, and contribute to the growth of the NGX and the Nigerian capital markets.

March 04, 2024
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