Kalinchowk Darshan Limited (KDL) to Sell 1:1 Right Share | Appoints Nepal SBI Merchant Banking as Issue Manager
February 28, 2025 | Investopaper
Kalinchowk Darshan Limited (KDL) is planning to sell right shares to the shareholders. The company has decided to float the right shares in the ratio 1:1. This means that the shareholders with 100 shares can apply for the additional 100 shares.
For this purpose, the company has appointed Nepal SBI Merchant Banking Limited as the issue and sales manager. An agreement has been reached between the company and Nepal SBI Merchant Banking on this regard.
Now, the company has to submit the application to the Securities Board of Nepal (SEBON) seeking permission to float the right shares. Only after the approval from the regulatory body SEBON, the company can sell the shares.
As of Ashwin’s end 2081 BS, KDL has a paid up capital of Rs 60 crores. Hence, the company has plans to sell right shares worth Rs. 60 crores. After the right issue, the paid-up capital will reach Rs. 120 crores.
Kalinchowk Darshan Limited (KDL) is operating a cable car service in Kalinchowk.
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