Central Finance extends 50% right shares issue till Falgun 13; shareholders have 15 more days to apply

Central Finance Limited (CFCL) has extended the right share issue date. As per the notice published in newspaper today, CFCL has extended the right share issue closing date till Falgun 13, 2074. Now, the shareholders have 15 more days to apply the shares. Central Finance Limited (CFCL) has been issuing 10:5 (50%) right share to its shareholders from Poush 23, 2074. Previously, the closing date was set on Magh 28, 2074. The book closure date for the rights issue was set on Poush 4, 2074. Only those shares registered one trading day ahead of the book closure date i.e. Poush 3, 2074 are eligible to apply for the right shares. Central Finance has been issuing units 26,03,314.075 unit right shares worth Rs 26.03 crore to its existing shareholders at a face value of Rs 100 per share. NIBL Capital Markets Limited has been appointed as its issue manager. Interested applicants can collect application forms from NIBL Capital Markets Limited, Lazimpath, Kathmandu and from designated branches of Central Finance Limited and Nepal Investment Bank Limited. After 50% right issue, its paid up capital will reach Rs 78.09 crore from existing capital of Rs 52.86 crore. It had earned Rs 2.26 crore in the first quarter of the FY 2074/75. Its LTP stood at Rs 135 as of last trading day.