200% Right Shares of Nepal Lube Oil Limited Added in SEBON Pipeline

The Securities Exchange Board of Nepal (SEBON) has added the right shares of Nepal Lube Oil Limited (NLO) to its pipeline under preliminary review. The application was submitted to the board on Chaitra 27, 2081.

The insurance company is looking to issue 200% rights shares worth Rs. 14.57 Crores through the issue of 1,457,253.60 (1: 2) units of rights shares to its existing shareholders. The current paid-up capital of the company is Rs. 7.29 Crores. After the adjustment of the proposed right share, the paid-up capital of the company will increase to Rs. 21.86 Crores.

NIMB Ace Capital Limited is appointed as the issue manager.