Bhrikutee Development Bank Limited upcoming 33 percent right issue gets Grade 3 rating from ICRA Nepal “[ICRANP] IPO Grade 3”, indicating average fundamentals to the proposed rights issue amounting NPR 141.27 million.
ICRA Nepal assigns IPO grading on a scale of IPO Grade 1through IPO Grade 5, with Grade 1 indicating strong fundamentals and Grade 5 indicating poor fundamentals. For the Grading categories 2, 3 and 4, the sign of + (plus) appended to the Grading symbols indicate their relative position within the Grading categories concerned. Thus, the Grading of 2+, 3+ and 4+ are one notch higher than 2, 3, and 4, respectively. CDBL is proposing to come out with the 33% rights issue of 1,412,700 numbers of equity shares of face value NRs 100/- each to beissued to the existing shareholders at par.
Sharesansar, December 28
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