“Nepal Finance Limited’s 40,245 Auctioned Right Shares Now Listed on NEPSE”


 

Nepal Finance Limited (NFS) recently added 40,245 units of right shares to the Nepal Stock Exchange (NEPSE). NFS had initially offered its existing shareholders a 1:0.70 ratio of right shares between the 6th to 26th Jestha, 2079. However, a substantial portion of these shares, totaling 11,36,716.187 units, remained unsold. To address this, NFS conducted an auction for the unsold shares from the 7th to the 24th Ashad, 2079. Unfortunately, only 40,245 units found buyers in the auction, and these are the shares that are now available for trading on NEPSE. As of the latest trading price (LTP), NFS shares are valued at Rs. 288 each.

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