City Express Finance to close shareholders register book on Shrawan 21 for issuance of 167% right shares; Paid-up capital to reach Rs 40 crore

City Express Finance Company Limited (CEFL) will be closing its shareholders register book on Shrawan 21, 2075 for the issuance of 167% right shares.

As per the information published in NEPSE, the finance company is issuing 25 lakh unit shares of Rs 100 each to the existing shareholders. The shareholders holding shares of the finance company till Shrawan 20 shall be eligible to apply for the right shares.

Kathmandu Capital Markets Limited has been appointed as the issue manager for the right issuance.

After the adjustment of 167% right shares, its paid-up capital will reach Rs 40 crore.