Last day to apply 83% right shares of Shree Investment & Finance; Siddhartha Capital manages the issue

Shree Investment & Finance Limited (SIFC) is closing 100:83 (83%) right share to its shareholders today (Falgun 20, 2074). The rights issue was open from Magh 15, 2074. The finance company had set the book closure date on Poush 30, 2074. Thus, only those shareholders holding their shares till Poush 26, 2074 i.e. days ahead of the book closure date or last trading day are eligible to apply for the right share. SIFC has been issuing 10:8.3 (83%) right share 28,67,225.62 unit of worth Rs 28.67 crore) to its existing shareholders at par value of Rs 100. The issue manager for the right issue is Siddhartha Capital Limited. Interested applicants can collect application forms from Siddhartha Capital Limited, Naxal, Kathmandu and from designated branches of SIFC. Its paid up capital stand at Rs 34.54 crore. After the issuance of proposed 83% right share, its paid up capital will reach Rs 63.20 crore, As per NRB’s requirement for all finance company to increase their paid up capital to a minimum of Rs 80 crore by the end of FY 2073/74, SIFC will need to issue a further capital hike of Rs 16.8 crore (around 26.5%). It had earned Rs 3.48 crore in the second quarter of the FY 2074/75 Its LTP stood at Rs 229 as of last trading day.