C5#
The company obtained approval to issue 1:0.9252 right shares. Accordingly, the company will issue 2,940,000 units of shares worth Rs 594 million at a face value of Rs 100 per unit.
The 11th Annual General Meeting (AGM) of the company approved a proposal of issuing 1:1 right shares, however, the ERC approved only 1:0.9252 right issue.
As per the company, it will utilize the fund to pay loan of Nabil Bank.
