The company is issuing 4,630,344 units of right shares at a ratio of 10:4 to its existing shareholders.
In this regard, the company closed its book on February 13, thus, the shareholders registered in its book till February 12 are eligible to apply for the right shares.
The company has appointed Global IME Capital as its issue manager. The interested existing shareholders can apply for the right shares from the registered and branch offices of Global IME Capital and IME General Insurance. Moreover, they can apply from all ASBA approved BFIs and meroshare software.
The issue will close on March 27. ICRA Nepal has assigned BBB rating to the issue indicating moderate risk.
Currently, the company has a paid-up capital of Rs 1.15 billion that will reach Rs 1.62 billion after the right issue.
