The company started issuing right share on May 13. The company is issuing 27 percent right share of its paid-up capital to existing shareholders.
The company is issuing 1:0.27 percent right shares to its existing shareholders. Accordingly, it will issue 106,96,320 units of right shares at a face value of Rs 100.
The company is closed its book on April 18 for the right share, thus, the shareholders registered in its book till April 17 will be eligible to apply for the right shares.
Care Ratings Nepal has assigned BBB rating to the issuer indicating average risks.
The company has appointed Nepal SBI Merchant Banking as issue manager. the interested shareholders can apply from the issue manager as well as all branches of Sun Nepal Life Insurance. Moreover, they can apply from all ASBA approved BFIs and Meroshare.
Currently, the company has paid-up capital of Rs 3.96 billion that will reach Rs 5.03 billion after the right issue.
