Kathmandu Finance 100% right share to close today

Today is the last day to acquire Kathmandu Finance Company Limited (KFL)1:1 (100%) ratio right share. The finance has been issuing right shares from Kartik 15, 2072 and today is the closing day for the same. The finance is issuing a total of 18,37,763 unit rights share at the face value of Rs 100 to its existing shareholders. Interested existing shareholders can apply for the shares at office of the finance’s Share Registrar NIBL Capital Markets Limited, which is located at Lazimpat, Kathmandu. At present the finance has a paid up capital of Rs 18.37 crore whereas after the issuance of right shares its paid up capital will reach to Rs 36.75 crore. Nepal has assigned an “[ICRANP] IPO Grade 5”, indicating poor fundamentals to the proposed rights issue amounting NPR 183.7763 million of Kathmandu Finance Limited (KFL). Kathmandu Finance had posted a net profit of Rs 1.71 crore in its 4th quarter of the fiscal year 2071/72.