Kathmandu. River Falls Power Limited has extended the deadline to apply for right shares from September 7. The application for the right shares of the company can now be submitted till October 10.
The company is issuing 1 unit of right shares at par with the existing 1 unit of right shares. Accordingly, the company is issuing 70 lakh units of right shares at a face value of Rs 100 per share.
The company had closed the book on August 11 for the purpose of issuing right shares. Accordingly, the shareholders who have been traded in NEPSE till August 9 can apply for the right shares.
Care Ratings Nepal has assigned CareNP Double B Minus Issue Rating to the company. This indicates a moderate risk to our ability to bear financial obligations in a timely manner.
Prabhu Capital Limited has been appointed as the issue manager for the IPO issuance. The interested bidders can bid for the shares from Prabhu Bank’s branch at Lamjung, Pokhara, Birgunj, Ilam, Butwal, Surkhet and Dhangadhi. Moreover, the interested bidders can apply for the shares online from the banks and financial institutions licensed by the Securities Board of Nepal (SEBON) through the board of directors (SEBON) and online from CDS & Clearing Limited (CDS & Clearing).
