Samriddhi Finance To Close 200 Percent Right Issue On Karthik 6
October 22, 2020 | Investopaper
Samriddhi Finance Company Limited (SFCL) is going to close the right share to the shareholders in the ratio 1:2 from Karthik 6, 2077. The right issue was open from Ashwin 16, 2077.
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Upcoming Right Share/Issue In Nepal
Securities Board Of Nepal (SEBON) provided the approval for the right issue on Bhadra 2, 2077.
The company is issuing 3,639,606 unit right shares. At a par value of Rs 100, the total right issue amounts to Rs 36.39 crores.
B.O.K Capital Market Limited is the issue manager for the right share of Samriddhi Finance.
ICRA Nepal has provided ‘ICRA IPO Grade 5’ ratings to the right issue. This indicates weak fundamentals of the company.
Samriddhi Finance has a paid-up capital of Rs 181,980,400. After the 200 percent right, the capital will rise to Rs 545,940,900. The finance earned Rs 90.11 lakh in the fiscal year 2076/77.
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