Lumbini General has appointed CBIL Capital as its issue manager. The company closed its book on October 14 for the right issue, thus, the shareholders registered in its book till October 13 are eligible to apply the right shares till December 15.
The interested shareholders can apply for the right shares from all ASBA approved BFIs and through meroshare software. Moreover, the shareholders can apply from CIBL Capital in Dillibazar, Batuleghar and all branches of Citizens Bank.
ICRA Nepal has assigned grade 3 rating to the right issue indicating average fundamentals. Securities Board of Nepal (SEBON) approved the right issue on September 25.
Presently, the company has a paid-up capital of Rs 880 million that will reach Rs 1.05 billion after the right issue.
