Kathmandu. River Falls Power Company is going to issue 100 percent right shares.

The company is issuing 100 percent right shares of its existing paid-up capital. The company is going to issue right shares in the ratio of 1:1 from September 1. The company will issue 7 million units of right shares worth Rs 700 million at the rate of Rs 100 per share.

The company is going to close the book for the issue of right shares on August 15. The shareholders who have remained in office till August 15 will not be able to apply for the right shares of the company. They can apply for the right shares till October 30.

Prabhu Capital is the sales manager of the company. Applications can be made from prabhu bank’s Pokhara, Birgunj, Ilam, Lamjung, Butwal, Surkhet and Dhangadhi branch offices.

Applications can be made through banks and financial institutions licensed by the Securities Board of Nepal and my shares. At present, the paid-up capital of the company is Rs 700 million and after the issue of rights, it will reach Rs 1.4 billion.