River Falls Power Limited Announces Rights Issue Book Closure Date!
Investing in the Nepali stock market? Here’s an important update for shareholders of River Falls Power Limited! The company has officially announced the book closure date for its upcoming rights issue. This is a crucial date for all potential investors, so pay close attention!
Mark your calendars: Sawan 26 is the day. If you’re holding River Falls Power Limited shares and want to participate in the rights offering, you must ensure your name is registered in the Nepal Stock Exchange (NEPSE) by Sawan 25. This means you need to own the shares before the book closure date to be eligible.
What’s the deal with this rights issue? River Falls Power Limited is offering a 1:1 rights share issuance. This means for every share you currently own, you’ll have the right to purchase one new share. The face value of each new share is NPR 100. The company plans to issue a total of 70 lakh units, aiming to raise a significant capital of NPR 70 crore. This is a great opportunity for stock market investors to potentially increase their stake in this renewable energy company.
This rights issue is a strategic move by River Falls Power Limited to raise capital. Rights issues are a common way for companies to raise funds and often represent a good investment opportunity for current shareholders. It’s a way for existing investors to maintain their percentage of ownership in the company.
Prabhu Capital Limited will serve as the issue and sales manager for this rights offering. This means they’ll be handling the administrative aspects of the share issuance. The Securities Board of Nepal (SEBON) approved the rights issue on Sawan 9, clearing the way for the company to proceed with the offering.
Interested in investing? Stay updated on the Nepali stock market! This announcement is a great reminder to keep an eye on important dates and deadlines if you’re an investor interested in Nepal’s stock market. Always perform due diligence and consult with a financial advisor before making any investment decisions. For more information, check out NEPSE’s official publications and announcements from River Falls Power Limited. This could be a strategic step for your investment portfolio!
