The company is issuing 893,025 units of right shares at a face value of Rs 100.
In this regard, the company closed its book on January 5, thus, the existing shareholders registered in its book till January 4 will be eligible to apply for the right shares.
The company has appointed Global IME Capital as its issue manager. The interested shareholders can apply for the right shares from Global IME Capital and designated branches of Global IME Bank at Lamgunj. Moreover, they can apply for the shares from all ASBA approved BFIs and meroshare software. The issue will close on February 14.
ICRA Nepal has assigned BB rating to the issue indicating moderate risk.
Following the right shares issue, the paid-up capital will reach Rs 386.9 million.
