NMB Laghubitta to issue 150% right shares from November 10

Oct 22, 2019 10:18 AM Merolagani

NMB Laghubitta is set to issue 150 percent right shares from November 10. The company is issuing 2,430,093.75 units of right shares at a ratio of 10:15.

The company is closing its book on October 24 for the upcoming right shares, thus, the shareholders registered in its book till October 23 will be eligible to apply for the right issue.

The company has appointed Sunrise Capital as its issue manager. The interested existing shareholders can apply for the shares from Sunrise Capital at Kamalpokhari-Kathmandu and all branch offices of Sunrise Bank, as well as, all ASBA approved BFIs and meroshare software.

The issue will close on December 15. ICRA Nepal has assigned Grade 4 rating to the issue indicating below average fundamentals.

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