SEBON adds proposed right issue of three companies under preliminary review; find out which ones

In the latest list of right shares in pipeline published by the Securities Exchange Board of Nepal (SEBON), proposed right shares of three companies have been added under preliminary review.

Lumbini General Insurance Company (LGIL) has proposed to issue 20% right shares worth Rs.16.60 Crore through issue of 16.60 Lakh units at par value. CBIL Capital has been appointed as the issue manager for the same. Paid up capital of LGIL as of the third quarter stands at Rs.88 Crore.

Similarly, NMB Laghubitta Bittiya Sanstha (NMBMF) is looking to issue 24.30 Lakh units of shares as 150% rights to raise capital worth Rs.24.30 Crore. Sunrise Capital has been appointed as the issue manager for the right issue. Paid up capital as of the third quarter stands at Rs.16.20 Crore.

And, Hydroelectricity Investment and Development Company (HIDCL) will be issuing 100% right shares worth Rs.11 Arba through issue of 11 Crore units of shares at par value. Global IME Capital has been appointed as the issue manager.