100% Right Shares of Sagarmatha Jalbidhyut Company Limited Added in SEBON Pipeline

The Securities Exchange Board of Nepal (SEBON) has added the right shares of Sagarmatha Jalbidhyut Company Limited (SMJC) to its pipeline under preliminary review. The application was submitted to the board on Jestha 22, 2082.

The insurance company is looking to issue 100% rights shares worth Rs. 1.17 Arba through the issue of 11,732,000 (1: 1) units of rights shares to its existing shareholders. The current paid-up capital of the company is Rs. 1.17 Arba. After the adjustment of the proposed right share, the paid-up capital of the company will increase to Rs. 2.34 Arba.

NMB Capital Limited is appointed as the issue manager.