The company is issuing 3,171,932 units of right shares at a ratio of 10:3.
According to the company, it is issuing the right issue to expand its risk bearing capacity required to insure big risky assets.
Presently, the company has a paid-up capital of Rs 1.05 billion that will reach Rs 1.37 billion after the right issue.
The company has appointed NIBL Ace Capital as its issue manager. ICRA Nepal has assigned Grade 3 rating to the issue indicating average fundamentals.
