Last day to secure 50% right shares of Central Finance; LTP at Rs 179

Today is the last day to secure 50% right shares of Central Finance Limited (CFCL). The book closure date for the AGM has been set on Poush 4, 2074. Thus, only those shareholders holding their shares till today (Poush 3, 2074) i.e. one day ahead of the book closure date are eligible to participate in the AGM. It will be now issuing 1:0.5 (50%) right share of worth Rs 26.43 core to its existing shareholders at par value of Rs 100. The finance company’s SGM held on Shrawan 10, 2074 had endorsed 1:0.5 right shares to their shareholders. The issue manager for the right issue is NIBL Capital Markets Limited. After 50% right issue, its paid up capital will reach Rs 79.30 crore from existing capital of Rs 52.86 crore. It had earned Rs 20.14 lakh in the first quarter of the FY 2074/75. Its LTP stood at Rs 179 as of last trading day.