Book closure for 80% right share of Sagarmatha Finance on Mangsir 24

Sagarmatha Finance Limited (SAFL)’s 10^th AGM held on Ashad 3, 2072 had approved 80% right share i.e. 2,954,389 units to its existing shareholders and the finance company has published a book closure date for the same. As per the notice published in Nepal Stock Exchange Limited (NEPSE) yesterday, the book closure date for 80% right share has been set for Mangsir 24, 2073 for one day. Only the shares registered one trading day ahead of the book closure date i.e. Mangsir 23, 2073 will be eligible for the right shares. Securities Board of Nepal (SEBON) has also given final approval to issue 10:8 (80%) right shares of the finance company. NIBL Capital Markets Limited has been assigned as the issue manager for right share issue. SAFL has earned net profit of Rs 3.27 crore in the first quarter of the fiscal year 2073/74 as per unaudited report. It’s paid up capital stands at Rs 36.92 crore and after the issuance of 80 percent right share it’s paid up capital will rise to Rs 66.45 crore.