100% right issue of Nagbeli Laghubitta approved by sebon

Securities board of Nepal (SEBON) has approved cent percent right share of Nagbeli Laghubitta. Following this approval, the company can now issue additional shares to existing shareholders at a face value of Rs 100.  

The company is granted an approval to float 7,66,465 unit right shares at par value of Rs 100. Nagbeli has already appointed NMB Capital as the issue manager for the right issue. 

Nagbeli will have a paid-up capital of Rs 15 crores after the capitalization of right shares.