SEBON approves to issue 5% right shares of Manjushree Finance

The right shares of Manjushree Finance Limited (MFIL) have been approved by the Securities Board of Nepal (SEBON). The 5% right shares of Manjushree Finance have been applied for approval. The board has given approval for the issuance of 3,62,190 units of shares worth Rs 3,62,19,000 in the ratio 100:5. Ace Capital limited has been assigned as the issue manager. The SGM conducted on Asoj 24, 2074 had announced 5% right shares to its shareholders. The finance company had earned Rs 4.14 crore net profit in the second quarter of the FY 2074/75 and its paid up capital stands at Rs 72.43 crore. After the issuance of 5% right shares its paid-up capital will stand at Rs 76.05 crore. Its LTP stood at Rs 144 as on Magh 9, 2074.