Ghorahi Cement Industry to Float 75 Percent Right Share
December 22, 2024 | Investopaper
Ghorahi Cement Industry Ltd. (GCIL) is planning to sell right shares to the shareholders.
As informed on Nepse, the company has decided to float the right shares in the ratio 1:0.75. This means that the shareholders with 100 shares can apply for the additional 75 shares.
The company will take the agenda of issuing right shares to its upcoming Annual General Meeting (AGM) and only begin the procedures for the right offering only after the approval from the AGM.
As of Ashad’s end 2081 BS, GCIL has a paid up capital of Rs. 456.76 crores. Hence, the company has plans to sell right shares worth Rs. 342.57 crores. After the right issue, the paid-up capital will reach Rs. 799.33 crores.
