Central finance to auction its unsold 10.85 lakh unit right shares from today

Central Finance Limited (CFCL) is going to auction 10.85 lakh unit right shares from today (Baisakh 20, 2075) to Baisakh 27, 2075.

The finance company had issued 26,03,314.075 unit 50% right shares for its shareholders from Poush 23 to Falgun 13. So, the finance company is selling 9,81,708.725 unit promoters share and 1,04,230.350 unit ordinary shares. Only the existing promoters can apply for the auctioned shares of promoters group.

Minimum bid price for this auction has been set as Rs 100 i.e. the applicants should place their bids above Rs 100. The bidders can place their bids for minimum 1,000 unit shares of promoters group and minimum 100 unit shares of ordinary shareholders group.

NIBL Ace Capital is the issue manager for the auction.

The finance company has urged the bidders to deposit their bid amount in account number 0010017424600001 in Kumari Bank Limited in the name of NIBL Ace Capital.

After the adjustment of 50% right shares, its paid up capital will reach Rs 78.09 crore. It has also declared 8.5% bonus shares from the profit of FY 2073/74 which will take its capital to Rs 84.72 crore.