Nepal Finance To Close 1:0.7 Right Share From Jestha 26

June 9, 2022 | Investopaper

Nepal Finance Limited (NFS) is currently issuing right share to the shareholders from Jestha 6, 2079 BS. The finance is selling the right share in the ratio 1:0.7. This means that each shareholder with 100 shares can apply for 70 right shares at a par value of Rs 100. Nepal Finance is planning to issue 3,454,474.28 units right shares. This amounts to Rs 34.54 crores.

The right issue will close on Jestha 26, 2079 BS.

Securities Board Of Nepal (SEBON) provided the approval to the company on Chaitra 8, 2078 BS to sell the right shares. The company had submitted the application to SEBON on Karthik 1, 2078 BS.

Prabhu Capital Limited is the issue manager for the right of Nepal Finance.

As of Ashad’s end 2078 BS, Nepal Finance has a paid-up capital of Rs 49.34 crores. After the issue of the right, the capital will rise to Rs 83.88 crores.

Suggested Readings:

How To Apply IPO/FPO/Right Share Through Mero Share?

Nepal Finance’s 1:1.25 Right Issue


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