Kathmandu. River Falls Power Limited has opened the issue and sale of right shares from Monday. The company has issued 100 percent right shares of the current paid-up capital.

The company is issuing right shares in the ratio of one unit to the existing one unit share. Accordingly, the company will issue 7 million units of right shares with face value of Rs 100 per share worth Rs 700 million.

The company had closed the book for the purpose of issuing the right shares on August 15. According to this, the shareholders who have been traded in NEPSE till August 15 can apply for the right shares. Applications can be made for the right shares of the company till October 30.

Prabhu Capital Limited is the issue manager of the company. Investors can apply from Prabhu Bank’s Beshisahar (Lamjung), Pokhara, Birgunj, Ilam, Butwal, Surkhet and Dhangadhi branch offices.

At present, the paid-up capital of the company stands at Rs 700 million. After the issue and allotment, the paid-up capital of the company will reach Rs 1.4 0 billion.