Last day to apply 50% right shares of Central Finance; NIBL Capital manages the issue

Central Finance Limited (CFCL) is closing 10:5 (50%) right share to its shareholders today (Falgun 13, 2074). The rights issue was open from Poush 23, 2074. CFCL has been issuing units 26,03,314.075 unit right shares worth Rs 26.03 crore to its existing shareholders at a face value of Rs 100 per share. The book closure date for the rights issue was set on Poush 4, 2074. Only those shares registered one trading day ahead of the book closure date i.e. Poush 3, 2074 are eligible to apply for the right shares. NIBL Capital Markets Limited has been appointed as its issue manager. Interested applicants can collect application forms from NIBL Capital Markets Limited, Lazimpath, Kathmandu and from designated branches of Central Finance Limited and Nepal Investment Bank Limited. After 50% right issue, its paid up capital will reach Rs 78.09 crore from existing capital of Rs 52.86 crore. It had earned Rs 2.26 crore in the second quarter of the FY 2074/75. Its LTP stood at Rs 139 as of last trading day.