General Finance issuing 125% (16.52 lakh units) right shares from today

General Finance Limited (GFL) is issuing 1:1.25 (125%) right share to its shareholders from today (Bhadra 27, 2074). The rights issue will remain open for 35 days before closing on Ashwin 30, 2074. The book closure date for the rights issue was set on Shrawan 25, 2074. Only those shares registered one trading day ahead of the book closure date i.e. till Shrawan 24, 2074 are eligible to apply for the right shares. GFL is issuing 16,52,850 units right shares at a par value of Rs 100 per unit. Global IME Capital Limited is the issue manager for this right issue. GFL’s current paid up capital remains at Rs 13.22 crore. After issuance of this 125% right share, its paid up capital will reach Rs 29.75 crore. It has authorized capital of Rs 30 crore. Interested applicants can collect application forms from Global IME Capital Limited, Jamal, Kathmandu and from designated branches of General Finance and Global IME Bank. General Finance has earned net profit of Rs 2.86 lakh in the fourth quarter of the FY 2073/74.