Pokhara Finance to issue 15% right shares from Poush 30; offer ends on Falgun 6

Pokhara Finance Limited (PFL) will be issuing 10:1.5 (15%) right share to its shareholders from Poush 30, 2074. The rights issue will remain open for 35 days before closing on Falgun 6, 2074. The book closure date for the rights issue has set on Poush 13, 2074. Only those shares registered one trading day ahead of the book closure date i.e. till today (Poush 12, 2074) are eligible to apply for the right shares. Pokhara Finance will be issuing units 9,83,682.74 unit right shares worth Rs 9.83 crore to its existing shareholders at a face value of Rs 100 per share. NIBL Capital Markets Limited has been appointed as its issue manager. Interested applicants can collect application forms from NIBL Capital Markets Limited, Lazimpath, Kathmandu and from designated branches of Pokhara Finance Limited and Nepal Investment Bank Limited. PFL had issued 9,83,682 units FPO shares worth Rs  21.64 crore at Rs 220 per unit on Shrawan 29, 2074. After the FPO, its paid up capital reached around Rs 65.57 crore from Rs 55.74 crore. Finally, after proposed 15% right share issuance, its paid up capital will reach Rs 75.40 crore. As a national level finance company, it should hike its paid up capital to a minimum of Rs 80 crore by the end of FY 2073/74. It had posted net profit of Rs 1.48 crore in the first quarter of the FY 2074/75. Its LTP stood at Rs 195 as of last trading day. Announcement: