Investors holding shares till Sawan 25 will be eligible to apply for 1:1 rights issue.
River Falls Power Limited has announced Sawan 26 as the book closure date for its upcoming rights share issuance. Shareholders whose names are recorded in NEPSE by Sawan 25 will be eligible to apply for the rights shares.
The company plans to issue rights shares in a 1:1 ratio, offering 70 lakh units at a face value of NPR 100 per share. Through this issuance, River Falls Power aims to raise a total capital of NPR 70 crore.
Prabhu Capital Limited has been appointed as the issue and sales manager for the rights offering.
The company received approval from the Securities Board of Nepal (SEBON) on Sawan 9 to proceed with the issuance.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
Nepal Reinsurance to issue 100 percent rights shares – Bajarko Chirfar English
