Right issue worth Rs 14 Bn in SEBON pipeline

Nov 03, 2020 02:34 PM Merolagani

A total of Rs 14.66 billion worth of right issues of six companies are waiting for approval from Securities Board of Nepal (SEBON). These companies are seeking to issue 1,466,37,938 units of right shares to their existing shareholders.

As per SEBON, most of the approval seekers are hydropower companies. Along with them, Sri Ram Sugar Mills and Citizens Investment Trust are seeking right issue approval from SEBON.

Although the board of directors has already decided to close Sri Ram Sugar Mills,  its right issue is still in pipeline of SEBON.

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