The last traded price of the stock was Rs 869 on February 6. The company is issuing 3,842,437.50 units of right shares to its existing shareholders in the ratio of 10:6.
The company has appointed Laxmi 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 640 million that will reach Rs 1.02 billion after the right issue.
