Last day to apply for the 25% right shares of Best Finance; Paid-up capital to reach Rs 59.30 crore

Today is the last day to apply for the 25% right shares of Best Finance Limited for the applicants applying from Kathmandu valley.

The finance company is issuing 11,86,022.47 unit right shares to its shareholders at par value of Rs 100.

Prabhu Capital has been appointed as the issue manager for the right issuance.

For the purpose of the right share issuance, the shareholders register book had closed on Jestha 30, 2075 i.e. the shareholders holding shares of the company till Jestha 29 are eligible to receive the right shares. Since its trading was suspended since Ashwin 26, 2074 due to acquisition by Best Finance Company Limited (BFC), shareholders with shares traded until Ashwin 25, 2074 are eligible to apply for the right shares.

After the adjustment of 25% right shares, the paid-up capital of the company will reach Rs 59.30 crore from the existing Rs 47.44 crore. Its acquisition has completed in a swap ratio of 1:1 after which the paid-up capital of the merged entity will reach Rs 88 crore. Synergy Finance has already been acquired by Best Finance and the joint transaction in the name of Best Finance Company has also started.