Auction for the unsold 3.43 lakh unit right shares of Shree Investment and Finance Company begins from Chaitra 8

Shree Investment and Finance Company Limited has published a notice for the auction of its unsold right shares. 2.77 lakh unit promoter shares and 66.37 thousand unit ordinary shares are open for the investors to place their bid on. The opening date for the auction is Chaitra 8, 2074 and the last date for placing the bids is Chaitra 16, 2074. Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100. Interested bidders must bid for a minimum of 100 units of shares for both the group and the shares applied for should be a multiple of 10. The finance company has urged the interested bidders to submit their bids within banking hours till Chaitra 16, 2074 at Siddhartha Capital Limited, Naxal, Kathmandu or also in the designated branches of Shree Investment and Finance Company. The investors applying for the auction can deposit the bid amount in the account number 00115295849 in Siddhartha Bank Limited or account number 19080000000053 in Shree Investment and Finance Company or can apply by issuing good for payment cheque. Its paid up capital stand at Rs 34.54 crore. After adjustment 83% right share, its paid up capital reached to Rs 63.20 crore, As per NRB’s requirement for all finance company to increase their paid up capital to a minimum of Rs 80 crore by the end of FY 2073/74, SIFC will need to issue a further capital hike of Rs 16.8 crore (around 26.5%). It had earned Rs 3.48 crore in the second quarter of the FY 2074/75. Notice