Nepal Finance Limited (NFS) is closing its 1:0.70 ratio right shares to its shareholders today.
The issue opened on 6th Jestha and will close today i.e 26th Jestha, 2079, at the end of banking hours.
In the rights offering of 1: 0.70 ratio, a total of 34,54,474.275 units of right shares is issued to eligible shareholders. Baisakh 21 was the book closure date. Thus, shareholders maintained before that day can apply for the rights offering.
The 29th AGM of the company held on 3rd Baisakh, 2079 had endorsed the proposal of 1: 0.70 rights offering on is paid-up value of Rs 49.34 crores. The paid-up capital after the right shares adjustment will be Rs 83.89 crore. Thus, a total of 34,54,474.275 shares are issued.
Prabhu Capital is appointed the issue manager. The application was submitted to SEBON on Kartik 01. SEBON approved the issue on Chaitra 08, 2078.