The company is issuing issue 5,358,150 units of right shares worth Rs 535.8 million at a face value of Rs 100 per unit to its existing shareholders.
The company closed its book on June 5 for the right issue, thus, the shareholders registered in its book till June 4 will be eligible to apply for the right share.
Care Ratings Nepal has assigned BB rating to the issuer indicating moderate risks.
The company has appointed RBB Merchant as issue manager. The interested shareholders can apply from Birgunj, Janakpur, Narayangadh, Baglung, Butwal, Nepalgunj, Birendranagar, Dhangadhi, Birtamod, Hetauda, Tulsipur, Mahendranagar, Chainpur, Khandbari and Dharan branch of Rastriya Banijya Bank. Similarly, they can apply from all C-ASBA approved BFIs and Meroshare.
Currently, the company has paid-up capital of Rs 535.8 million that will reach Rs 1.07 million after the right issue.
