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

Today is the last day to grab the shares of Samriddhi Finance Company Limited (SFCL) and be eligible for its rights offering.

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. The finance company will issue a total of 27,29,705 shares to eligible shareholders.

Poush 11 is the book closure date. Since today is the last trading day before the book closure, shareholders maintained till today are eligible to apply for the right shares.

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. 495.