Following the approval, the board of directors meeting of the company held on September 30 has decided the book close date for the right issue.
The company will close its book on October 14 for the right issue, thus, the shareholders registered in its book till October 13 will be eligible to apply the right shares.
Lumbini General has appointed CBIL Capital as its issue manager. ICRA Nepal has assigned grade 3 rating to the right issue indicating average fundamentals.
Presently, the company has a paid-up capital of Rs 880 million that will reach Rs 1.05 billion after the right issue.