Ghorahi Cement Industry Limited has applied to the Securities Board of Nepal (SEBON) to issue 75% right shares based on its existing paid-up capital.
Ghorahi Cement Industry Limited submitted an application to SEBON on Falgun 14, 2082 B.S., seeking approval to issue 75% right shares (0.75:1 ratio). The proposal is based on the company’s current paid-up capital and aims to raise additional funds through a rights offering.
Under this plan, the company intends to issue shares worth NPR 3 arba 76 crore 83 lakh 40 thousand 703, equivalent to 3 crore 76 lakh 83 thousand 407.03 units.
For the issuance, Himalayan Capital Limited has been appointed as the issue and sales manager. The decision to proceed with the rights issue was made during the Board of Directors meeting held on Poush 5, 2082 B.S.
The company will move forward with the rights share issuance process only after receiving approval from SEBON.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
