The company closed its book from June 29 for the purpose of right issue, thus, the shareholders registered in its book till June 28 are eligible to apply for the right shares.
The company has appointed Century Capital Markets as its issue manager. The interested existing shareholders can apply for the right shares from Century Capital, all branches of Civil Laghubitta and Biratnagar, Pokhara, Nepalgunj, Birgunj, Narayanghat, Butwal, Dhangadhi and Surkhet branches of Century Commercial Banks. Apart from these, they can also apply for the shares from all C-ASBA approved BFIs and meroshare software.
Care Ratings Nepal has assigned Grade 4 rating to right issue indicating below average fundamentals.
Securities Board of Nepal (SEBON) approved the right issue on December 29.
Presently, the company has a paid-up capital of Rs 114.1 million that will reach Rs 228.2 million after the right issue.
