Central Finance Commences 50% Right Issue

Jan 07, 2018 Merolagani



Central Finance (CFCL) has started 50 percent right issue. The company is issuing 2,603,000 units of right shares worth Rs 260.6 million at a face value of Rs 100 at the ratio of 2:1 to the existing shareholders.

 

The company has appointed NIBL Capital Markets as its issue manager.

The company closed its book in December 19 for the right issue, thus, the shareholders registered in its book by December 18 are eligible to apply for the right shares.

The interested existing shareholders of the company can apply for the shares from all ASBA registered BFIs, all branches of Central Finance, Biratnagar, BIrgunj, Nepalgunj, Itahari and Dhangadi branch of Nepal Investment Bank as well as the office of issue manager.

Presently, the company has a paid-up capital of Rs 520 million which will reach Rs 780 million after the right issue..




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