Central Finance issuing 50% right shares from today; offer ends on Magh 28

Central Finance Limited (CFCL) is issuing 10:5 (50%) right share to its shareholders from today (Poush 23, 2074). The rights issue will remain open for 35 days before closing 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 will be 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 21.41 lakh in the first quarter of the FY 2074/75. Its LTP stood at Rs 138 as of last trading day. Announcement: