City Express Finance Company has allotted its 167% right shares to the shareholders

The City Express Finance Company (CEFL)  had issued 25 lakhs unit right shares at the par value of Rs 100 from Bhadra 01 2075 till Ashadh 04 2075. The company has allotted the claimed right shares to the applicant shareholders.

Kathmandu Capital Market had been appointed as the issue manager for the right share issuance.

The paid up capital of the company will reach Rs 40 crore after the adjustment of 167% right shares. The company has stated that its net profit has increased to Rs 2.54 crore in Q4 of 2074/275 from Rs 1.74 crore reported in the corresponding quarter of the previous fiscal year 2073/74.

LTP of the stock stands at Rs 104.