Final Two Days Remaining to Apply for 1: 0.70 Right Shares of Nepal Finance Limited

Nepal Finance Limited (NFS) is closing its 1: 0.70 ratio right shares to its shareholders tomorrow.

The issue opened on 6th Jestha and will close on 26th Jestha, 2079 (tomorrow), at the end of banking hours.

In the rights offering of 1: 0.70 ratio, a total of 34,54,474.275 units of right shares will be issued to eligible shareholders. Baisakh 21 was the book closure date. Thus, shareholders maintained before that day can apply for the rights offering.

The 29th AGM of the company held on 3rd Baisakh, 2079 had endorsed the proposal of 1: 0.70 rights offering on is paid-up value of of Rs 49.34 crores. The paid-up capital after right shares adjustment will be Rs 83.89 crore. Thus, a total of 34,54,474.275 shares will be issued.

Prabhu Capital has been appointed the issue manager. The application was submitted to SEBON on Kartik 01. SEBON approved the issue on Chaitra 08, 2078.

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