Last day to grab 5% right shares of Manjushree Finance; LTP at Rs 142

Today is the last day to grab 5% right shares of Manjushree Finance Limited (MFIL). The finance company has set the book closure date on Falgun 9, 2074. Thus, only those shareholders holding their shares till today (Falgun 8, 2074) i.e. one day ahead of the book closure date are eligible to apply for the right shares. Securities Board of Nepal (SEBON) had given final approval to issue 5% right shares of Manjushree Finance Limited (MFIL) on Magh 9, 2074. Now, MFIL will be issuing 3,62,190 units of shares worth Rs 3,62,19,000 to its existing shareholders at a face value of Rs 100 per share. Ace Capital limited has been assigned as the issue manager. The SGM conducted on Asoj 24, 2074 had announced 5% right shares to its shareholders. The finance company had earned Rs 4.14 crore net profit in the second quarter of the FY 2074/75 and its paid up capital stands at Rs 72.43 crore. It had announced 6% bonus shares from the net profit it had earned in the FY 2073/74. Thus, after adjustment of bonus and right shares, its paid up capital will surge to Rs 80.40 crore. Its LTP stood at Rs 142 as of last trading day.