Seti Finance 150% right share book closure on Kartik 10; Only 7 trading days left

Seti Finance Limited (SETI) 10^th AGM held on Chaitra 20, 2072 had approved 1:1.5 (150%) right share to its existing shareholders and now the bank has published a book closure date for the same. As per the notice published by the finance company today, the book closure date for 150% right issue has been set on Kartik 10, 2073. Only the shares registered one day ahead of the book closure date i.e. Kartik 9, 2073 will be eligible for the right shares. Seti Finance will be issuing a total of 9, 51,786 unit right shares at the face value of Rs 100. NIBL Capital Markets Limited has been assigned as the issue manager for right share issue. 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.