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SEBON approves to issue 100% right share of Arun Finance; 3 BFIs added in right share pipeline for approval

- ShareSansar, July 12, 2017  on Dividend, Right & Bonus , Featured , Latest , Stock Market
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Securities Board of Nepal (SEBON) has provided approval to Arun Finance Limited (ARUN) for the issuance of 100% right shares. Arun Finance will now 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 the issue manager for the right issue.

Arun Finance Limited has posted net profit of Rs 1.07 million 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.

Meanwhile, Guheshwori Merchant Banking & Finance Limited (GMFIL), Nepal Community Development Bank Limited (NCDB) and Karnali Development Bank Limited (KRBL) have been added in Securities Board of Nepal (SEBON) pipeline to seek approval for the issuance of right shares in the ratio 10:4 (40%), 1:1.2 (120%) and 1:2.25 (225%) respectively.

GMFIL is seeking approval to issue 19.73 lakh units right shares worth Rs 19.73 crore to its existing shareholders at a face value of Rs 100 per share. NIBL Capital Markets Limited has been appointed as the issue manager for the right issue.

Guheswori Merchant has earned net profit of Rs 5.19 crore in the third quarter of the fiscal year 2073/74. Its paid up capital currently stands at Rs 49.34 crore. After the issuance of 40% right share, its paid up capital will reach Rs 69.10 crore.

NCDB is seeking approval to issue 26.43 lakh units right shares worth Rs 26.43 crore to its existing shareholders at a face value of Rs 100 per share. NIBL Capital Markets Limited has been appointed as the issue manager for the right issue.

After the issuance of right shares, its paid up capital will reach Rs  48.46 crore from existing Rs 22.29 crore. NCDB bank has collected 1.79 arba in deposits and has extended Rs 1.59 arba in loans. It has earned net profit of Rs 2.39 crore in the third quarter of the current fiscal year 2073/74.

KRBL will be issuing 33.97 lakh units right shares worth Rs 33.97 crore to its existing shareholders at a face value of Rs 100 per share. Prabhu Capital Limited has been appointed as the issue manager for the right issue.

KRBL had earned net profit of Rs 38.03 lakh  in third quarter of the last fiscal year 2073/74 as per unaudited report. Its paid up capital stand at Rs 15.10 crore and after issuance of 225% right share its paid up capital will reach Rs 49.07 crore.

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