Samriddhi Finance To Close 2:1 Right Issue On Falgun 29
March 13, 2022 | Investopaper
After the previous issue of 1:2 right share, Samriddhi Finance (SFCL) is currently selling the right share to its shareholders in the ratio of 2:1. The right issue is open from Falgun 8, 2078 BS. It will remain open until Falgun 29, 2078 BS.
As of Ashad’s end 2078 BS, Samriddhi Finance has a paid-up capital of Rs 54.59 crores. Hence, the company will float 2,729,705 shares in the right offering that amounts to Rs 27.29 crores.
For the purpose of the right offering, the company had fixed the book closure date on Poush 11, 2078 BS. Therefore, the investors purchasing/holding the shares of SFCL until Poush 8 will be eligible to apply for the right shares.
Securities Board Of Nepal (SEBON) had provided the approval to the company on Mangsir 29, 2078 BS for the right issuance. The company had submitted an application to the board on Shrawan 15, 2078 BS seeking approval for selling the right shares.
BOK Capital Limited has been appointed as the issue manager for the right issue.
After the right issue, the paid-up capital of Samriddhi Finance will rise to Rs 81.88 crores (if fully subscribed).
Recommended:
Upcoming Right Share/Issue In Nepal
How To Apply IPO/FPO/Right Share Through Mero Share?