Policy Paradox in Right offering:. Evidence from Nepalese Capital market Research Book (1st Edition)

      Аннотация: Right offering allows stockholders to maintain their proportionate ownership in the corporation and typically allow the corporation to raise new capital less expensively. The main objective of the study was to analyze the violating shareholder’s right through auction, Further Public offering (FPO) instead of the first Privilege or Preemptive right of the existing shareholders. This research is designed in descriptive and explanatory manner. Both primary and secondary data was collected and analyzed. The Survey is conducted on Kathmandu valley with the duration of three months ranging from 3rd December, 2023 to 3rd March, 2023 and secondary data was covered from 1993/94 to 2021/22 and right auction up to October, 2023. Right auction, FPO are the major issue for violating shareholder's right in Nepal. The study revealed that the right auction of the companies of both ordinary and promoter which is sharply violated the Preemptive right of the existing shareholders and company are sale the shares in either premium or par value and are not given the chance to apply the right share on pro-data basis i.e. up to one third share more than they have as practiced in international level.

Ключевые слова: RIght offering, IPO, FPO, Auctions, Shareholder's Preemptive right