Book closure set for Shrawan 26; only shareholders until Shrawan 22 eligible to apply.
The last day to subscribe to the rights shares of River Falls Power Limited is Shrawan 22. The company has scheduled the book closure date for Shrawan 26, after which only shareholders registered by the day before the book closure will be eligible to apply for the rights shares.
Due to public holidays observed in the Kathmandu Valley on Shrawan 23 (Friday), Shrawan 24 (Saturday), and Shrawan 25 (Sunday) for the Gaijatra festival, Shrawan 22 (Thursday) will be the last trading day for the shares. Therefore, only those who purchase shares on or before Shrawan 22 will be entitled to participate in the rights issue.
The Securities Board of Nepal (SEBON) had granted approval for this rights issue on Shrawan 9. River Falls Power Limited is issuing rights shares at a 1:1 ratio, equivalent to 100% of its current paid-up capital.
Under this rights issue, the company will issue 7 million shares valued at Rs. 70 crore. Prabhu Capital Limited has been appointed as the issue manager for this rights share offering.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
