Vijay Laghubitta 100 percent right postponed
April 15, 2019 | Investopaper
As informed on Nepal Stock Exchange (NEPSE), Vijay Laghubitta has postponed the 1:1 right issue due to disapproval from Nepal Rastra Bank (NRB).
NRB has approved the distribution of 10 percent bonus share of the company. However, the central bank disapproved the 100 percent right issue worth Rs. 19.48 crores.
The board meeting held on Chaitra 28, 2075 has postponed the right share procedure for now. But, the meeting has decided to move forward with the distribution of bonus shares.
