September 4, 2022 | Investopaper
Muktinath Capital Limited is currently issuing 1:1 right share to the shareholders from Shrawan 1, 2079 BS. This means that shareholders with 100 shares can apply for the additional 100 right shares.
The right issue will close on Bhadra 19, 2079 BS. Previously, the issue was set to close on Bhadra 5, 2079 BS. However, due to under-subscription until that period, the deadline for application was extended.
At present, the company has a paid-up capital of Rs. 20.25 crores. Hence, it is planning to issue 20,25,000 right shares at a par value of Rs. 100.
After the issue of right, the paid-up capital will increase to Rs. 40.50 crores.
Muktinath Capital Limited, a subsidiary of Muktinath Bikas Bank, is a licensed merchant banker from the Securities Board of Nepal. It provides various services such as Issue Management, Security Underwriting, Registrar to the Shares (RTS), Depositary Participant, and Portfolio Management Services.