Kathmandu. Nepal Lube Oil has initiated the process of bringing 200 percent right shares.
The company had filed an application with the Securities Board of Nepal (SEBON) seeking permission to issue right shares. If cebon allows, the company will issue 200% of the right shares to its shareholders in the ratio of 1:2 of its existing paid-up capital.
The company will issue right shares worth Rs 145.72 million to its shareholders. Accordingly, the company will sell a total of 1,457,253.60 units of right shares at a face value of Rs 100 each.
After the sale of the right shares, the paid-up capital of the company will reach Rs 218.58 million. NIMB Ace Capital is the right share sale manager of the company.
