Today is the last day to apply for River Falls Power Limited’s rights issue. The company issued 7 million shares at a face value of NPR 100 per share, totaling NPR 700 million, in a 1:1 ratio based on its existing paid-up capital. The rights issue was open for applications from Ashwin 23, 2082.
The company had set a book closure date on Shrawan 26, 2082. Only shareholders holding shares on Shrawan 25, 2082, are eligible to apply for the rights issue.
Investors can submit their applications through the issue manager, Prabhu Capital, or at Prabhu Bank branches in Besisahar, Pokhara, Birgunj, Ilam, Butwal, Surkhet, and Dhangadhi. Applications can also be submitted via the licensed C-ASBA banks and financial institutions or through the ‘Mero Share’ platform.
Care Rating Nepal, the rating agency, has given River Falls Power a ‘CARE NP BB- Issuer Rating,’ indicating a moderate risk in meeting financial obligations on time.
Prabhu Capital Limited is managing the rights issue. The company received approval for the issue from the Nepal Securities Board on Shrawan 9, 2082.
