Seti Finance to issue 150% (9.51 lakh unit) right share from Mangsir 1

Seti Finance Limited (SETI) will be issuing 1:1.5 (150%) right shares to its existing shareholders from Mangsir 1, 2073. As per the notice published by the finance company today, the rights issue will remain open for 35 days before closing on Poush 5, 2073. Seti Finance will be 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.