The company obtained approval to issue 20 percent ordinary shares of its issued capital of Rs 700 million.
Accordingly, it will issue 10 percent of issued capital i.e. 140,000 units of shares worth Rs 14 million to the foreign migrated workers in the first phase.
The issue will close on November 10. Interested investors can apply for a minimum of 10 and maximum of 1,000 units of shares.
ICRA Nepal has assigned BB- rating to the issue indicating moderate risks.
The company has appointed NIMB Ace Capital as issue manager. The investors can apply from all ASBA approved BFIs and meroshare software.
