Accordingly, the company will issue 5,030,904.55 units of shares worth Rs 503 million at a ratio of 4:1.
In this regard, the company closed its book on January 31, thus, the shareholders registered in its book till January 30 will be eligible to apply for the right shares.
The right issue will close on March 12.
Informetric Credit Rating Nepal has assigned A+ rating to the issuer indicating adequate safety.
The company has appointed Sanima Capital as issue manager. The interested bidders can bid from issue manager as well as all branches of Neco Insurance.
Moreover, they can apply from all ASBA approved BFIs and Meroshare.
Currently, the company has paid-up capital of Rs 2.01 billion which will reach Rs 2.51 billion after the right issue.
