Arun Finance to issue 100% (15 lakh units) Right Shares from Bhadra 6; Offer ends on Ashwin 9

Arun Finance Limited (ARUN) will be issuing 1:1 (100%) right share to its shareholders from Bhadra 6, 2074. As per the notice published by the finance company today, the rights issue will remain open for 35 days before closing on Ashwin 9, 2074. The book closure date for the rights issue was set on Shrawan 9, 2074. Only those shares registered one trading day ahead of the book closure date i.e. till Shrawan 8, 2074 are eligible to apply for the right shares. ARUN will be issuing 15,00,000 units right shares at a par value of Rs 100 per unit. Global IME Capital Limited is the issue manager for this right issue. Arun Finance’s current paid up capital remains at Rs  15 crore. After issuance of this 100% right share, its paid up capital will reach Rs 30 crore. It has authorized capital of Rs 1 arba. Interested applicants can collect application forms from Global IME Capital Limited, Lazimpat, Kathmandu and from designated branches of Arun Finance and Global IME Bank. Arun Finance Limited has earned Rs 10.71 lakh profit in the third quarter of the fiscal year 2073/74.