The company is closing its book on May 19, thus, the shareholders registered in its book till May 18 will be eligible to apply for the right shares.
The company is issuing 1:1 right share to its existing shareholders. Following the issue, the company will issue 4 million units of right shares worth Rs 400 million.
The paid-up capital of the company will reach Rs 800 million after the right issue.
The company has appointed Nabil Investment Banking as issue manager.
