River Falls Power Limited Rights Issue – Last Chance to Apply!
Investing in the stock market can be a rewarding endeavor, and understanding rights issues is crucial for investors. River Falls Power Limited is offering a significant rights issue, and time is running out to participate! This blog post breaks down the key details you need to know about the River Falls Power Limited rights share offering.
Important Dates for Shareholders
The crucial date to remember is Shrawan 22. This is the last day to subscribe to the rights shares of River Falls Power Limited. The company has set the book closure date for Shrawan 26. This means that only shareholders registered before the book closure date will be eligible to apply for the rights shares.
Trading Day Deadline and Holiday Impact
Keep in mind that Shrawan 22 is also the last trading day for these shares. This is due to public holidays in the Kathmandu Valley for the Gaijatra festival, observed on Shrawan 23 (Friday), Shrawan 24 (Saturday), and Shrawan 25 (Sunday). Therefore, if you want to participate in the rights issue, you need to purchase shares on or before Shrawan 22. Don’t miss out on this important stock market opportunity!
SEBON Approval and Issue Details
The Securities Board of Nepal (SEBON) granted approval for this rights issue on Shrawan 9. River Falls Power Limited is issuing rights shares at a 1:1 ratio. This represents 100% of its current paid-up capital. This is a significant opportunity for existing shareholders to increase their holdings.
Rights Issue Amount and Issue Manager
The River Falls Power Limited rights issue involves the issuance of 7 million shares, with a total value of Rs. 70 crore. Prabhu Capital Limited has been appointed as the issue manager for this rights share offering. Ensure you understand the rights issue process to successfully apply.
Stay Informed with Market Updates
For the latest stock market news, investment advice, and trading strategies, continue to follow reputable sources. Understanding the Nepali stock market and staying updated on upcoming rights issues will help you make informed investment decisions. Good luck to all potential investors! This is an excellent chance to potentially grow your portfolio through this strategic capital raise by River Falls Power Limited. Remember to conduct thorough due diligence before making any investment!
