The secondary market for stocks in Nepal has been slow lately, but that has not stopped companies from lining up to issue rights shares. Right now, 25 companies are waiting for approval from the Securities Board of Nepal (SEBON) to issue rights shares worth a combined Rs 25 billion and 47 crore. The interesting part … Read more
Radhi Bidyut Company Limited has applied to the Nepal Securities Board (SEBON) for approval to issue 69.89% rights shares. The application was submitted on Mangsir 2. The rights issue is based on the company’s existing paid-up capital of Rs. 1 arba 83 crore 89 lakh 79 thousand. The proposed ratio is 1:0.6989, meaning shareholders will … Read more
People’s Power Limited has deposited the 50% rights shares, which were sold through auction, into the DEMAT accounts of the shareholders. The company has listed 3,136,000 units of rights shares in the secondary market and transferred them to investors’ accounts. These shares were listed on Kartik 14 and have been tradable in the secondary market … Read more