Book closure for the 50% right issue of ICFC Finance on Kartik 12

ICFC Finance Limited (ICFC) 11^thAGM held on Mangsir 16, 2071had approved 2:1(50%) right shares to their shareholders and now the bank has announced the book closure date for the same. The book closure date for 2:1 right issue has been set for Kartik 12. Only the shares registered one day ahead of the book closure date i.e. Kartik 11 will be eligible for the right shares. ICFC had earned net profit of Rs 7.29 crore in the fourth quarter of the last fiscal year 2071/72. The paid up capital of the bank stands at 46.24 crore. After the issuance of 50 percent, the paid up capital will stand at Rs 69.36 crore. Its last traded price stood at Rs 319 as on October 8. ICRA Nepal has assigned an “[ICRANP] IPO Grade 4”, indicating below-average fundamentals to the proposed rights issue.