Naya Nepal Laghubitta Starts Auction of Unsold Right Shares

Nov 29, 2018 Merolagani

Naya Nepal Laghubitta (NNLB) has started auction of 103,353 units of unsold right share from November 29 to December 6. The company is auctioning 86,093 units of promoter and 17,260 units of general right shares that went unsold during its issuance from August 12- September 16.

The interested bidders can bid for a minimum of 100 and maximum of all shares divisible by 10 under NRB limit. The bidders can bid for the shares from NMB Captial at Naagpokhari-Kathmandu and Biratnagar, Birgunj, Butwal, Pokhara, Nepalgunj, Surkhet and Dhangadhi branch of NMB Bank.

Previously, the company issued 600,000 units of right shares with a face value of Rs 100 to its existing shareholders at a ratio of 1:2.5.

Presently, the company has a paid-up capital of Rs 24 million which will reach Rs 84 million after capitalization of the right issue.

 

comments powered by Disqus