Book closure for 5% right shares of Manjushree Finance on Falgun 9; LTP at Rs 143

Manjushree Finance Limited (MFIL) has published the book closure date for upcoming 5% right shares. As per the notice published in NEPSE today, the insurance company has set the book closure date on Falgun 9, 2074. Thus, only those shareholders holding their shares till Falgun 8, 2074 i.e. one day ahead of the book closure date are eligible to apply for the right shares. Securities Board of Nepal (SEBON) had given final approval to issue 5% right shares of Manjushree Finance Limited (MFIL) on Magh 9, 2074. Now, MFIL will be issuing 3,62,190 units of shares worth Rs 3,62,19,000 to its existing shareholders at a face value of Rs 100 per share. Ace Capital limited has been assigned as the issue manager. The SGM conducted on Asoj 24, 2074 had announced 5% right shares to its shareholders. The finance company had earned Rs 4.14 crore net profit in the second quarter of the FY 2074/75 and its paid up capital stands at Rs 72.43 crore. After the issuance of 5% right shares its paid-up capital will stand at Rs 76.05 crore. Its LTP stood at Rs 143 as on Magh 28, 2074. See the notice here