Seti Finance & Janata Bank issuing 150 % & 50% right share from today

Seti Finance Limited (SETI) is issuing 1:1.5 (150%) right shares to its existing shareholders from today (Mangsir 1, 2073). The rights issue will close on Poush 5, 2073. Seti Finance is issuing a total of 9, 51, 786 unit right shares at the face value of Rs 100. The book closure date for 150% right issue was 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. NIBL Capital Markets Limited has been assigned as the issue manager for right share issue. Interested shareholders can collect the application forms from NIBL Capital Markets Limited, Lazimpat, Kathmandu and from Seti Finance Limited, Tikapur, Kailali. 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 15.46 crore. The finance company has authorized capital of Rs 16 crore. Its promoter-public share structure stands at 51:49 SETI has earned net profit of Rs 84.92 lakh in the fourth quarter of the last fiscal year 2072/73. Likewise, Janata Bank Nepal Limited (JNBL) is issuing 2:1 (50%) right shares to its existing shareholders from today (Mangsir 1, 2073). The rights issue will close on Poush 5, 2073. Janata Bank is issuing a total of 10,300,000 unit right shares at the face value of Rs 100. The book closure date for 50% right issue has been set for Kartik 11, 2073. Only the shares registered one day ahead of the book closure date i.e. Kartik 10, 2073 are eligible for the right shares. NCM Merchant Banking Limited has been assigned as the issue manager for the right issue. Interested shareholders can collect the application forms from NCM Merchant Banking Limited, Kamalpokhari Kathmandu and from all branch offices of Janata Bank Limited. It’s paid up capital remains at Rs 2.06 arba. After the adjustment of 50 percent right share, its paid up capital will reach to Rs 3.09 arba from current Rs 2.06 arba. The bank has authorized capital of Rs 10 arba. Its public-promoter share structure stands at 51:49 ratio. JBNL has earned net profit of Rs 32.53 crore in the fourth quarter of the fiscal year 2072/73.