Best Finance Company to sell 8.05 lakh unit right shares via auction from Poush 11; Paid-up capital to reach Rs 89 crore

Best Finance Company Limited (BFC) will be selling its 8.05 lakh unit unsold right shares via from Poush 11, 2075. The bids for the auctioned shares can be placed till Magh 10, 2075.

The interested bidders can place bids for 5,57,774.57 units promoter shares and 2,47,309.90 ordinary shares through auction. Application can be placed for minimum 100 units for both groups. Minimum bid price has been set as Rs 100 i.e. the bid price should be above Rs 100.

Prabhu Capital has been appointed as the issue manager for the auction. The application forms can be collected and deposited in Prabhu Capital Limited and designated branches of Best Finance Limited.

The finance company has urged the shareholders to deposit the entire bid amount in A/C no 13511600631816000005 in Prabhu Bank Limited or 00201400066498000001 in Best Finance Limited in the name of Prabhu Capital Limited.

The shares being auctioned are the unsold right shares of former Synergy Finance Limited. The finance company had issued 11,86,022.47 unit right shares out of which 8.05 lakh units remained unsold.

After the adjustment of 25% right shares, paid-up capital of Best Finance Company will reach Rs 89 crore.