River Falls Power concludes allotment of its ordinary shares floated for project-affected locals of Sankhuwasabha; people demanding upto 130 unit shares receive total quantity as per their need

River Falls Power has concluded the allotment process of its ordinary shares to the project affected locals of Sankhuwasabha on Baisakh 19, 2079.

The application had received applications from 7,603 applicants among which 18 got disqualified while the remaining 7,585 applicants got the shares as per the allotment module. Those applicants who had applied till 130 unit shares received the demanded quantity of shares while those who had applied for over 140 unit shares had to pass through the lucky draw process where the remaining 2,292 applicants received 140 unit shares, as per the media statement.

The hydro company had floated 7 lakh unit ordinary shares to the project affected locals for which the issue had received 1.97 times more applications than the required amount, as per the media statement.

The final results of the allotment can be accessed via Prabhu Capital’s website https://results.prabhucapital.com, as per the media statement.