River Falls Power to issue IPO

Kathmandu, March 9

River Falls Power Ltd will be issusing share. An IPO worth Rs 343 million is to be issued.

The company will issue 3.4 million IPOs with a face value of Rs 100 each. The company has appointed Prabhu Capital Limited as the IPO issuer and sales manager.

The agreement was signed by Mitra Lal Shrestha on behalf of River Falls Power and Managing Director Dinesh Thakali on behalf of Prabhu Capital.

River Falls Power is constructing a 10.3 MW project at Piluwakhola in Dharmadevi Municipality of Sankhuwasabha District. The physical progress of this project is 60 percent complete.