Nepal Lube Oil to Issue 1:2 Right Share
January 26, 2025 | Investopaper
Nepal Lube Oil Limited (NLO) is planning to sell right shares to the shareholders. The company has decided to float the right shares in the ratio 1:2. This means that the shareholders with 100 shares can apply for the additional 200 shares.
For this purpose, the company is taking the agenda of right issuance to its special general meeting (SGM) to be held on Magh 29, 2081 BS. If approved from the general meeting, the company will begin the procedures for the right offering.
As of Poush’s end 2081 BS, Nepal Lube Oil has a paid up capital of Rs. 7.29 crores. Hence, the company has plans to sell right shares worth Rs. 14.58 crores. After the right issue, the paid-up capital will reach Rs. 21.87 crores.
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