Gurkhas Finance issuing 28.93 lakh units (50%) right shares from Jestha 1; Book closure on Baisakh 20

Gurkhas Finance Limited (GUFL) is going to issue 50% right shares (28,93,313 units) to its shareholders from Jestha 1, 2074. The rights issue will remain open for 35 days before closing on Ashad 4, 2074. The register of their shareholders will close 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. 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 10.70 crore in the second 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. Its last traded price (LTP) stand at Rs 295 as on April 26, 2017.