Maula Kalika Cable Car Limited to Issue 50% Rights Shares

Maula Kalika Cable Car Limited has issued 50% rights shares as per the decision made during its 8th Annual General Meeting held on Poush 7. The rights shares are being issued in the ratio of 1:0.5 at a face value of NPR 100 per share. Shareholders are required to deposit the payment within 35 days to purchase the rights shares, according to the company.

The company is preparing to issue an Initial Public Offering (IPO) for the general public soon. The proposal for the IPO had already been approved during the 7th Annual General Meeting held on Poush 27, 2080. The rights shares are being issued to the founding shareholders before the IPO issuance.