The company sought SEBON approval for 29.38 percent right issue on February 21. Right now, the company has paid-up capital of Rs 1.92 billion. Upon approval, the company will issue 29.38 percent i.e. 5,670,000 of right shares worth Rs 567 million to its existing shareholders.
Following the right issue, the paid-up capital will reach Rs 2.49 billion. The company has appointed Muktinath Capital as its issue manager.
