Last Day to Apply for 2: 1 Rights Offering of Samriddhi Finance (SFCL)

Samriddhi Finance Company Limited (SFCL) is closing its 2:1 rights offering for 27,29,705 shares today, i.e. on  29th Falgun. The offering was open since 8th Falgun, 2078.

The company had proposed to issue the right shares in a 2:1 ratio. The company submitted its proposal to the regulator on Shrawan 15. SEBON then approved the proposal on Mangsir 29.

Poush 11 was the book closure date. Thus, shareholders maintained before that day are eligible to apply for the right shares.

According to CDSC, 7,805 eligible shareholders have applied for a total of 9,97,011 shares. This is the data as of 10: 06 am today.

BOK Capital is appointed the issue manager. After the issuance of the proposed right share, the total paid-up capital of SFCL will be Rs 81.90 crore. As of writing, the company has an LTP of Rs. 339.

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