Manjushree Finance to auction its unsold 39,112 unit right shares from today; Bidders can apply for 1000 units in promoters group and 100 units in ordinary group

Manjushree Finance Limited (MFIL) has published a notice regarding the auction of its unsold right shares from Jestha 14, 2075 i.e. today till Jestha 21,2075.

The finance company had floated 3, 62,190 unit right shares and alloted 3,23,078 right shares to 2,494 shareholder in the ratio of 100:5. The auction has opened for the unsold 16,563.90 unit right shares of promoter group and 22,548.10 unit right shares of ordinary shareholders group.

Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100. Both the existing promoters and general public can apply for the right shares of the promoters group. Interested bidders must bid for a minimum of 1,000 unit shares in the promoters group and 100 units in the ordinary group.

NIBL Ace Capital Limited has been appointed as the issue manager for the auction. The bidders can collect the forms from NIBL Ace Capital or from the designated branches of Manjushree Finance Limited.

The finance company has urged the bidders to deposit the bid amount in A/C No 00534010283 in Laxmi Bank Limited in the name of NIBL Ace Capital or through Good for Payment Cheque.

Its LTP stood at Rs 124.