Accordingly, it will issue 18,512,712.225 units of shares worth Rs 1.85 billion at a face value of Rs 100.
In this regard, the company closed its book on December 3, thus, the shareholders registered in its book till December 2 will be eligible to apply the right share.
Care Ratings Nepal has assigned BB+ rating to the issuer indicating moderate risks.
The company has appointed Siddahartha Capital as issue manager. interested shareholders can apply for the right share from Biratnagar, Birgunj, Narayanghat, Pokhara, Butwal, Nepalgunj, Dhangadhi and Surkhet branch of Siddhartha Bank. Similarly, they can apply from all ASBA approved BFIs and Meroshare.
The issue will close on January 27.
