Kathmandu. River Falls Power has fixed the date of book closure for issuing right shares.
The company has decided to close the book on August 15. This means that only the shareholders who have been retained till August 15 will be eligible to fill the right shares of this company.
The Securities Board of Nepal (SEBI) has allowed River Falls Power to issue 100 per cent of its paid-up capital of Rs 700 million 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.
