Kathmandu. River Falls Power has got permission to issue right shares.
The Securities Board of Nepal has given permission to River Falls Power to issue right shares today. With this, the company will now issue 100 percent of the existing paid-up capital of Rs 700 million i.e. right shares in the ratio of 1:1 to its shareholders.
The company will issue rights worth Rs 700 million. Accordingly, the company will sell a total of 7 million units of shares at a face value of Rs 100 to its shareholders.
After the right sale, the paid-up capital of the company will reach Rs 1.4 0 billion. Prabhu Capital is the right share sale manager of the company.
