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Srijana Finance receives approval from SEBON for 60% right share issue

By: Nepse Direct Aug 09, 2019

Srijana Finance Ltd. has received approval from SEBON for its 60% right share issue on 20th Shrawan 2076. The finance company will issue 2,764,692 unit right shares at a par value of Rs 100 and it will raise 27.6 crore from the issue. The right share issue will be managed by Sunrise Capital. 

At present, its paid-up capital is Rs 46.08 crore which will increase to Rs 76.68 crore after the right share issue. The company reported a net profit of Rs 15.73 crore as of Q4 FY 2075/76. SFFIL's LTP as of 8th August 2019 is Rs 256. 

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