Shree Investment & Finance to issue 83% right shares from Magh 15; offer ends on Falgun 20
Wed, Jan 10, 2018 9:37 AM on Latest, Dividend, Bonus & Rights, Featured, Stock Market,
Shree Investment & Finance Limited (SIFC) will be issuing 100:83 (83%) right share to its shareholders from Magh 15, 2074.
The rights issue will remain open for 35 days before closing on Falgun 20, 2074.
The finance company has set the book closure date on Poush 30, 2074. Thus, only those shareholders holding their shares till today (Poush 26, 2074) i.e. days ahead of the book closure date or last trading day are eligible to apply for the right share.
SIFC will be issuing 10:8.3 (83%) right share (28,67,225.62 unit of worth Rs 28.67 crore) to its existing shareholders at par value of Rs 100.
The issue manager for the right issue is Siddhartha Capital Limited.
Interested applicants can collect application forms from Siddhartha Capital Limited, Naxal, Kathmandu and from designated branches of SIFC.
Its paid up capital stand at Rs 34.54 crore. After the issuance of proposed 83% right share, its paid up capital will reach Rs 63.20 crore, As per NRB’s requirement for all finance company to increase their paid up capital to a minimum of Rs 80 crore by the end of FY 2073/74, SIFC will need to issue a further capital hike of Rs 16.8 crore (around 26.5%).
It had earned Rs 1.01 crore in the first quarter of the FY 2074/75
Its LTP stood at Rs 392 as of last trading day.
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