The 114th board of directors meeting of the company held on January 12 decided to issue the right shares in a bid to increase its paid-up capital.
As per the company, the company is issuing the right shares to expand its business nationwide. For that matter, the meeting directed the management of the company to propose the right issue in its upcoming meeting so that to forward the right proposal in the special general meeting.
The company has a current paid-up capital of Rs 101.088 million that will reach Rs 202.176 million after the right issue.
