Nepal Finance To Issue 1:1.25 Right Share From Mangsir 4
November 19, 2020 | Investopaper
Nepal Finance Limited (NFS) is going to issue right share to the shareholders from Mangsir 4, 2077. The right issue will remain open until Mangsir 24, 2077.
The finance will issue the right share in the ratio 1:1.25. This means that each shareholder with 100 shares can apply for 125 right shares at a par value of Rs 100. Nepal Finance is planning to issue 1,697,506.25 units right shares. This amounts to Rs 16.97 crores.
Securities Board Of Nepal (SEBON) has provided approval for the right issue on Ashwin 19, 2077.
Prabhu Capital Limited is the issue manager for the right of Nepal Finance.
ICRA Nepal has assigned [ICRANP] IPO Grade 5 to the proposed Rights Issue of Nepal Finance Limited. This indicated below average fundamentals for the company.
One can apply through the Mero Share Software or submit the right share form to Prabhu Capital Limited, Kamaladi, Kathmandu and Nepal Finance Limited and its branches.
At current, Nepal Finance has a paid-up capital of Rs 13.60 crores. After the issue of the right, the capital will rise to Rs 30.57 crores.
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