Multipurpose Finance 86.50 percent right share opening from today

July 8, 2019 | Investopaper

Multipurpose Finance Company Limited is going to issue the right share from today (Ashad 23, 2076). The right issue will remain open until Shrawan 26, 2076. The company will issue 1:8.65 right share to its shareholders. The company received the approval from Securities Board of Nepal (SEBON) on Jestha 5, 2076.

Multipurpose Finance has a current paid-up capital of Rs. 41.47 crores. The finance will issue 35,85,264 units of the right share at Rs. 100 per share.

ICRA Nepal has provided [ICRANP] IPO Grade 5 ratings to the right issue Multipurpose Finance Company. This indicates weak fundamentals for the company.

 

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