The company closed its book on February 10 for the right issue, thus, the shareholders registered in its book till February 9 will be eligible to apply for the right share.
The interested investors can apply for the shares from all C-ASBA approved BFIs and through meroshare software. Moreover, the shareholders can apply for the share from Global IME Capital at Jamal-Kathmandu and branch office of Nepal |Insurance at Kamaladi, Bargachi-Biratnagar, Shripur-Birgunj, Mainroad-Narayangadh, Surkhet road-Nepalgunj, Dhangadhi and Newroad-Pokhara.
The 69th AGM of the company held on May 4, 2018 endorse the proposal of issuing the right shares. The company has appointed Global IME Capital as its issue manager.
ICRA Nepal has assigned Grade 4 plus rating to the right issue indicating below average fundamentals.
After the right issue, the paid-up capital of the company will reach Rs 1.01 billion.
