SEBON gives approval to 1:1 right shares of Nadep Laghubitta; Paid-up capital to reach Rs 32 crore

SEBON give...

Securities Board of Nepal (SEBON) has provided approval to the 100% right shares of Nadep Laghubitta Bittiya Sanstha Limited (NADEP).

The microfinance company will be issuing 16 lakh unit right shares for its shareholders at Rs 100 per share.

After the adjustment of 100% right shares, the paid-up capital of the company will reach Rs 32 crore.

Nabil Investment Banking Limited has been appointed as the issue manager for the right issuance.

The microfinance company had recently allotted 4.80 lakh unit IPO for the general public.