Sebon approves to issue 150% Right Share of Seti Finance

Securities Board of Nepal (SEBON) has given final approval to issue 1:1.5 (150%) right shares of Seti Finance Limited (SETI). NIBL Capital Markets Limited has been assigned as the issue manager for right share issue. Seti Finance 10^th AGM held on Chaitra 20, 2072 had approved 150% right share i.e. 951,786 units to its eligible shareholders. SETI has earned net profit of Rs 84.92 lakh in the fourth quarter of the last fiscal year 2072/73. It’s paid up capital remains at Rs 6.34 crore. After issuance of 150 percent right share, its paid up capital will reach to Rs 15.85 crore. Its last traded price stood at Rs 594 as on September 20, 2016.