Gurkhas Finance extends ongoing 50% right share issue till Ashad 11

Gurkhas Finance Limited (GUFL) has extended its ongoing 50% (2:1) right share issue till Ashad 11, 2074. Now, the shareholders have 11 more days to apply for the right issue. Gurkhas Finance has been issuing 50% right shares (28,93,313 units) to its shareholders from Jestha 1, 2074. The right was supposed to close on Ashad 4, 2074. The book closure of GFL was on Baisakh 20, 2074. Only those shareholders holding shares traded one trading day ahead of the book closure date i.e. until Baisakh 19, 2074 are eligible to apply for the right shares. Right share eligibility can be checked here. NIBL Capital Markets will be managing the right issue for Gurkhas Finance. Interested applicants can collect application forms from NIBL Capital Markets Limited, Lazimpat, Kathmandu and all branches of Gurkhas Finance. Former Gurkha Development Bank and Kathmandu Finance Limited had started joint operation after merger from Chaitra 28, 2072 as “Gurkhas Finance Limited”, a class “C” national level finance company. It has an authorized capital of Rs 1 arba. Gurkhas Finance has earned net profit of Rs 10.30 crore in the third quarter of the FY 2073/74. Its paid up capital currently stands at Rs 57.86 crore. After the capitalization of the right shares, its paid up capital will reach Rs 86.79 crore.