Auction Open from Today: Samriddhi Finance Company Auctioning 7,67,366 Promoter Shares
Samriddhi Finance Company Limited (SFCL) is auctioning its 7,67,366 units promoter shares from today i.e. on 1st Mangsir and will conclude on 15th Mangsir, 2079.
A total of 7,67,366 units promoter shares will be auctioned. Earlier the company had auctioned 7,72,666 unit promoter shares from the 1st Ashar to 9th Ashar, 2079. Since only 5,300 unit promoter shares were sold, the company is going to auction the unsold shares from today. These are the unclaimed portion of the 2: 1 rights offering opened from 8th Falgun to 29th Falgun, 2078.
The existing promoters, general public, and institutions are all eligible to bid for the auction. Rs. 100 is the minimum bid rate for the auction. The minimum bid quantity for promoters’ shares is 1,000 units. Although bidders can bid for the entirety of the issue, they are required to abide by Nepal Rastra Bank's rule to not exceed the specified quantity of shares per entity.
BOK Capital Market is the auction manager.
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