The company is issuing 4 million units of right shares at a face value of Rs 100 per unit.
The company closed its book on May 19 for the right issue, thus, the shareholders registered in its book till May 18 will be eligible to apply for the right share.
ICRA Nepal has assigned BB rating to the issuer indicating moderate risks.
The company has assigned Nabil Investment Banking as its issue manager. Interested investors can apply from Chattar, Manglung, Fedapar Sankrantibazare branch of Nabil Bank and Menchhiyam branch of Kumari Bank. Similary they can apply from all ASBA approved BFIs.
The company has paid-up capital of Rs 400 million which will reach Rs 800 million after the right issue.
