Manjushree Finance to issue 175% (43.86 lakh units) right shares from Magh 6: offer closes on Falgun 11

Manjushree Finance Limited (MFIL) will be issuing 1:1.75 (175%) right share to its existing shareholders from Magh 6, 2073. As per the notice published by the finance company today, the rights issue will remain open for 35 days before closing on Falgun 11, 2073. Manjushree Finance will be issuing a total of 43,86,375 unit right shares at the face value of Rs 100. The book closure date for 175% right issue was set for Poush 9, 2073. Only the shares registered one trading day ahead of the book closure dates i.e. Poush 7, 2073 were eligible for the right shares. Ace Capital Limited has been assigned as the issue manager for the right issue. MFIL had earned net profit of Rs. 90.84 lakh in the first quarter of the current fiscal year. The paid up capital of the bank stands at Rs 25.06 crore. After the issuance of 175 percent right share, the paid up capital will reach to Rs 68.91crore. Interested shareholders can collect the application forms from Ace Capital Limited, Lal Durbar, Kathmandu and from Ace Development Bank Limited and its branch offices. The application forms can also be collected from Manjushree Finance Limited, Baneswhor and its branches, from Mahakali Bikas Bank Mahendranagar Branch, Triveni Bikas Bank’s Palpa, Beshisahar, Panauti, Banepa, Itahari and Bhakundebesi branch and from pokhara, waling, Baglung , Beni, and Muglin branch of Garima Bikas Bank. Nepal Investment Bank’s Pokhara, Biratnagar and Birgunj branches and from Goodwill Finance Limited’s Nepalgunj and Itahari branch. MFIL had earned net profit of Rs. 90.84 lakh in the first quarter of the current fiscal year. The paid up capital of the bank stands at Rs 25.06 crore. After the issuance of 175 percent right share, the paid up capital will reach to Rs 68.91 crore. Its last traded price stood at Rs 185 as on January 4, 2017.