Pokhara Finance Starts Auction of Unclaimed Right Shares

Apr 01, 2018 Merolagani

Pokhara Finance (PFL) has started auction of 180,701 units of right shares that went unsold during its issuance. The finance is auctioning 80,348 units of promoter and 100,353 units of general right shares.

The interested bidders can bid for the shares from NIBL Ace Capital, issue manager of the company. Moreover, the bidders can apply from Pokhara Finance at Newroad as well as Biratnagar, Surkhet, Birgunj, Nepalgunj, Butwal, Narayangadh and Dhangadhi branch of NIBL Bank.

Presently, the company has a paid-up capital of Rs 754.1 million. It has announced 8.23 percent bonus share of the paid-up capital maintained after the right shares. After the capitalization of bonus and right shares, the paid-up capital will reach Rs 816.4 million.

Pokhara Finance earned a net profit of Rs 40.3 million in the last FY. It has maintained EPS of Rs 12.30 and net worth per share of Rs 151.31.

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