2: 1 Rights Issue of Samriddhi Finance (SFCL) in SEBON's Pipeline

The rights issue of Samriddhi Finance Company Limited (SFCL) is in SEBON's pipeline.

The company has proposed to issue the right shares in a 2: 1 ratio. If approved by the regulatory board, the finance company will issue a total of 27,29,705 shares to eligible shareholders.

BOK Capital is appointed the issue manager. The company submitted its proposal to the regulator on Shrawan 15. After the issuance of proposed right share the total paid up capital of SFCL will be Rs 81.90 crore. As of writing, the company has an LTP of Rs. 573.