The company started issuing the right share to its existing shareholders from September 8.
The company is issuing 13,392,000 units of right shares worth Rs 1.33 billion at a ratio of 10:8.
In this regard, the company closed its book on August 12, thus, the shareholders registered in its book till August 11 will be eligible to apply for the right shares.
Care Ratings Nepal has assigned BB- rating to the issuer indicating moderate risks.
The company has appointed Prabhu Capital as issue manager. The interested investors can apply from Illam, Jaulakhel, Birgunj, Pokhara, Butwal, Surkhet and Dhangadhi branch of Prabhu Bank.
Similarly, they can apply from all C-ASBA approved BFIs and Meroshare.
Currently, the company has paid-up capital of Rs 1.67 billion that will reach Rs 3.01 billion after the right issue.
