River Falls Power to Sell Over 1.038 Million Unsubscribed Right Shares from Today

Kathmandu. River Falls Power Limited has announced the opening of the sale of 1,038,924 unsubscribed right shares starting today. These shares remained unsold after the company’s right share issuance and allotment that began on Bhadra 23, 2082.

The shares are being offered for sale at a minimum price of Rs. 100 per share, and they are open for purchase to founder shareholders, general investors, companies, and institutions interested in acquiring them.

Interested buyers can submit their bids for a minimum of 100 shares, while the maximum limit will be as per the regulatory guidelines.

According to the company, applications must be submitted within banking hours by Mangsir 3, 2082. Bids can be submitted at the office of the issue manager, Prabhu Capital Limited, Kamaladi, Kathmandu, as well as at Prabhu Bank branches located in Biratnagar, Pokhara, Birgunj, Hetauda, Butwal, Surkhet, and Dhangadhi.

Through this sale, River Falls Power aims to distribute the remaining unsubscribed right shares to interested institutional and individual investors.