The board of directors meeting of the company held on April 4 decided to cancel the FPO. The company had sought approval to issue 10 million units of FPO with Securities Board of Nepal (SEBON).
Along with it, the company has proposed of issuing 40 percent right shares. The company has paid-up capital of Rs 3.40 billion. If the proposal gets approved, the company will issue right shares worth Rs 1.36 billion.
