Applied for the 167% right shares of City Express Finance (former Kuber Merchant Finance)? Issue closes today

Today is the last day to apply for 167% right shares of City Express Finance Limited (CEFL) (former Kuber Merchant Finance).

CEFL had closed its shareholders register book on Shrawan 21, 2075 for the issuance of 167% right shares. 

The finance company is issuing 25 lakh unit shares of Rs 100 each to the existing shareholders.

Kathmandu Capital Markets Limited has been appointed as the issue manager for the right issuance.

After the adjustment of 167% right shares, its paid-up capital will reach Rs 40 crore.