The company is issuing 18,279,700 units of right shares worth Rs 1.82 billion at a face value of Rs 100 per unit.
The company closed its book on November 6 for the right shares, thus, the shareholders registered in its book till November 5 will be eligible to apply for the right shares.
Informatics Credit Rating Nepal has assigned BB rating to the issue indicating moderate risks.
The company has appointed NIMB Ace Capital as issue manager. The interested existing shareholders of the company can apply from the office of issue manager as well as Jalbire and Jugal branch of Kumari Bank. Moreover, they can apply from ASBA approved BFIs and Meroshare.
Currently, the company has a paid-up capital of Rs 1.82 billion that will reach Rs 3.65 billion after the right shares.
According to the company, it will mobilize the fund accumulated from the issue to repay various loans and credits.
