The company closed its book on March 14 for the right issue, thus, the shareholders registered in its book till March 13 are eligible to apply for the right shares.
The company has appointed Siddhartha Capital as its issue manager. The interested existing shareholders can apply for the right shares from Siddhartha Capital, Api Power Company at Trade Tower, Thapathali as well as designated branches of Siddhartha Bank and Global IME Bank. Moreover, they can apply from all ASBA approved BFIs and meroshare software.
Credit Rating Agency ICRA Nepal has assigned Grade 4 rating to the issue indicating below average fundamentals.
Currently, the company has a paid-up capital of Rs 1.19 billion that will reach Rs 1.75 billion after the right issue.
