Accordingly, it will issue 2,310,000 units right share having a face value of Rs 100 per unit amounting to Rs 231 million.
In this regard, the company closed its books on March 1, thus, the shareholders registered in its book till February 26 (last trading day before book close) can apply for the right shares.
Now, the interested applicants can apply for the shares till May 14.
ICRA Nepal has assigned ICRA NP Issuer Rating of BBB indicating moderate safety.
The company has appointed Laxmi Sunrise Capital as issue manager. The interested investors can apply from all C-ASBA approved BFIs and Meroshare.
Currently, the company has paid-up capital of Rs 2.31 billion which will reach Rs 2.54 billion after the right issue.
