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The Securities Board of Nepal (SEBON) has given the green light to River Falls Power Limited (RFPL) for its rights offering proposal.
The firm plans to issue 100% rights shares valued at Rs. 70 Crores by distributing 7,000,000 (1: 1) units of rights shares to its current shareholders.
Presently, the paid-up capital stands at Rs. 70 Crores. Following the issuance of the proposed rights shares, totaling 7,000,000 units, the company’s paid-up capital will rise to Rs. 1.40 Arba.
Prabhu Capital Limited has been designated as the issue manager.
At the time of writing, RFPL shares closed at Rs. 691.89.
