Thus the shareholders registered in its book till July 27 will be eligible to apply for the right shares.
The company obtained approval from Securities Board of Nepal (SEBON) to issue 1:0.35 right shares. As per the approval, it will issue 1,582,000 units of shares at a face value of Rs 100.
The board of directors meeting of the company held on July 19 took the decision of book close.
Currently, the company has a paid-up capital of Rs 452 million which will reach Rs 610.2 million after the right issue.
