Ngadi to factor rights stocks after bonus, Siddhartha Capital in gross sales supervisor


Ngadi to issue rights shares after bonus, Siddhartha Capital in sales manager

November 28, 2078 13:01 VikasNews

Kathmandu. Ngadi Group Power is going to issue right shares after bonus shares. For that purpose, the company has appointed Siddhartha Capital, based in Naxal, Kathmandu, as the sales manager.

An agreement has been reached between the two organizations regarding the appointment.

The company’s eighth annual general meeting held on September 19 passed a resolution to issue bonus and rights shares.

In addition, the insurance company will distribute a total dividend of 21.5 percent to the shareholders with 20 percent bonus and 1.5 percent cash (for tax purposes). After that, the right shares will be issued in the ratio of 1 to 2 of the remaining paid up capital.

At present, the paid up capital of the organization is Rs. 589.1 million. After 20 percent bonus share, the paid up capital of the organization will reach Rs. 706.9 million. The paid up capital of the organization will exceed Rs 2.12 billion after 200 percent of the rights shares.

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Even after the bonus to the shareholders of Ngadi Group, the paid up capital will exceed Rs 2 billion





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