Book closure for 100% right share of Arun Finance on Shrawan 9
- ShareSansar, July 17, 2017 on Book Closure , Dividend, Right & Bonus , Featured , Latest , Stock Market
Securities Board of Nepal (SEBON) had provided final approval to Arun Finance Limited (ARUN) for issuing 100% right share to its shareholders on Asadh 27, 2074. The finance company has announced Shrawan 9, 2074 as the book closure date for the same.
Only those shareholders of the finance company having shares one trading day ahead of the book closure date i.e. within Shrawan 8, 2074 are eligible to apply for the right shares.
Arun Finance will be issuing 15 lakh units right shares worth Rs 15 crore to its existing shareholders at a face value of Rs 100 per share.
Global IME Capital Limited has been appointed as its issue manager.
Arun Finance Limited has posted net profit of Rs 10.71 lakh in the third quarter of the fiscal year 2073/74. Its paid up capital remains at Rs 15 crore. After the issuance of 100% right share, its paid up capital will reach Rs 30 crore. At the end of Q3, its reserve is at a negative Rs 15.28 crore.