River Falls Power Limited has opened an auction for 10,38,924 unsubscribed rights shares following its 1:1 rights issue, allowing investors to apply until Mangsir 3, 2082 B.S.
River Falls Power Limited has launched an auction for 10,38,924 unsubscribed rights shares through a bidding process. The company had issued rights shares at a 1:1 ratio from Bhadra 23 to Ashoj 26, 2082 B.S., but shares that remained unsubscribed during this period are now being offered in the auction.
The company announced that applications for the auction opened on Kartik 26, 2082 B.S. Participation is open to any individual, company, or institution. The minimum bid price per share has been set at NPR 100, with applicants required to apply for at least 100 shares. There is no upper limit, so interested parties can apply for the full quantity of auctioned shares.
The application deadline is Mangsir 3, 2082 B.S. Auction forms can be collected and submitted at Prabhu Capital’s Kamaladi, Kathmandu office. Investors outside Kathmandu may submit applications via selected Prabhu Bank branches in Biratnagar, Hetauda, Birgunj, Pokhara, Surkhet, Butwal, and Dhangadhi.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
