The company is issuing 9.9 million units of right shares worth Rs 990 million to its existing shareholders from August 8.
The company closed its book on July 4 for the right issue, thus, the shareholders registered in its book till July 3 are elgible to apply the right shares.
Care Ratings Nepal has assigned BB rating to the issuer indicating moderate risks.
The company has assigned Nabil Investment Banking as issue manager. the interested investors can apply for the right shares from C-ASBA approved BFIs and Meroshare. Similarly, they can apply from Laxmi Sunrise Bank, Gokul Ganga Rural Municipality, Shivalaya, Ramechap.
The company has a paid-up capital of Rs 990 million which will reach Rs 1.98 billion after the issue.
