SEBON approves to issue 20% right share of United Finance

Securities Board of Nepal (SEBON) has provided approval to United finance Limited (UFL) for the issuance of right shares. UFL will be issuing right shares in the ratio 5:1 (20%). Nabil Investment Banking Limited is the issue manager for right share. UFL will be issuing a total of 1,345,410.95 units right shares worth Rs 13.45 crore, each to be floated to its existing shareholders at par value of Rs 100 per share. United Finance’s 22^nd AGM conducted on Ashwin 21, 2073 had endorsed the agenda to issue 20% right shares. The finance company’s paid up capital stands at Rs 67.08 crore. After the issuance of 20% right shares, the paid up capital will reach 80.49 crore.