Nadep Laghubitta Starts Issuing 100% right shares

Dec 09, 2018 Merolagani

Nadep Laghubitta (NADEP) has started issuing 100 percent right shares from December 9. The issue will close on January 13. The company is issuing 1.6 million units of right shares worth Rs 160 million at a ratio of 1:1 to its existing shareholders.

The company is closed its book on November 23, thus, the shareholders registered in its book till November 22 are eligible to apply for the right issue.

The company has appointed Nabil Investment Banking as its issue manager. The interested shareholders can apply for the right shares from Nabil Investment Banking at Naxal, all branches of Nadep Laghubitta and all ASBA approved BFIs.

Presently, the company has a paid-up capital of Rs 160 million that will reach Rs 320 million after the right issue.

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