2.90 lakh units unsubscribed right shares of Best Finance to be sold through auction

Best Finance Company Limited has allotted its 13,62,619 units right shares. The finance company had floated 1:1.25 (16,52,850 units) right shares to its shareholders on Bhadra 27, 2074. Out of total 16.52 lakh units right shares, only 13.62 lakh units right shares were claimed by the shareholders and remaining 2,90,231 units unclaimed right shares will  be sold through auction. The finance company is refunding money to the non-allottee investors from Mangsir 15, 2074 (tomorrow). After the adjustment of the rights shares, the company’s total paid-up capital will reach Rs 29.75 crore from the existing Rs 13.22 crore. The bank has authorized capital of 30 crore. Best Finance has earned net profit of Rs 2.35 lakh in the first quarter of the FY 2074/75. Recently, Best Finance has signed MOU with Synergy Finance Limited (SYFL) for acquisition process.