Best Finance auctioning unclaimed 2.90 lakh unit shares at Rs 100 & above from today; LTP at Rs 142

Best Finance Company Limited (BFC) is auctioning its unclaimed 2,90,236 units right shares to the general public from today (Poush 4, 2074). It is selling 1,83,196 units ordinary share and 1,07,040 units promoter share after the right shares issued on Bhadra 27 to Kartik 14, 2074 were not fully subscribed by its shareholders. It had offered right shares in the ratio of 1:1.25 (125%). Around 17.58 % shares were unsubscribed. The auction will last till Poush 12, 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. Every individuals or institutions are eligible to apply for promoter shares as well. Global IME Capital Limited is the issue manager for this auction. The finance company has urged interested bidders to submit their bids within banking hour till Poush 12, 2074 at Global IME Capital Limited, Jamal, Kathmandu or also in designated branches of Global IME Bank Limited. The investors applying for the auction can deposit the bid amount in the account number 01245246166785017 maintained at Kumari Bank Limited, Putalisadak or in the account number 111010011060 maintained at Global IME Bank LImited, Kamaladi in the name of Global IME Capital Limited or can apply through Good for Payment cheque. 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. Its last traded price (LTP) stood at Rs 142 as of last trading day. Announcement: