Right Shares of NRN Infrastructure & Development Added in SEBON Pipeline

The Securities Exchange Board of Nepal (SEBON) has added the right shares of NRN Infrastructure & Development Limited (NRN) to its pipeline under preliminary review. The application was submitted to the board on Magh 23, 2082.

The insurance company is looking to issue 100% i.e (1:1) rights shares worth Rs. 1.79 arba through the issue of 17,981,211.99 (1:1) units of rights shares to its existing shareholders. The current paid-up capital of the company is Rs.1.28 Arba. After the adjustment of the proposed right share, the paid-up capital of the company will increase to Rs. 3.07 Arba.

Prabhu Capital Limited is appointed as the issue manager.