Samling Power Company Limited has appointed Nepal SBI Merchant Banking Limited as the manager for its rights share issuance and sale. The company announced this appointment on Magh 21, 2082 B.S.
The company confirmed that a letter of agreement has already been signed with the issue manager. Based on its current paid-up capital of NPR 50 crore, the company plans to issue rights shares equal to the same amount.
The proposal for the rights share issuance was approved by the company’s annual general meeting held on Poush 29, 2082 B.S. Following the appointment of the issue manager, the company will now proceed to submit the application to the Securities Board of Nepal (SEBON).
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
