3.05 lakh units right share of Srijana Finance go unsubscribed; finance to put shares into auction process soon

Sun, Dec 1, 2019 10:10 AM on Corporate, Dividend, Bonus & Rights, Latest,
3.05 lakh...

Srijana Finance has announced that its 60% right shares issued on its paid up capital of Rs 46.7 crore hasn’t been fully subscribed even after extending the application deadline by two weeks.

The remaining 3.05 lakh promoters and public shares will be placed for the interested general public for grab in an auction process as soon as possible, as per the media statement.

As per the provided data, the finance has collected Rs 24.59 crore for the  subscription of 90% of the issued right shares within the 49 day application window.