Multi Purpose Finance appoints Muktinath Capital as issue manager to float its right shares; finance to float 35% shares of its current paid-up capital

Multi Purpose Finance has appointed Muktinath Capital as the issue manager for the issuance of its right shares to the existing shareholders.

The company is floating its shares in the ratio of 1:0.35 following which the paid-up value of the company will scale up to Rs 61.02 crore from the existing Rs 45.20 crore, as per the media statement.

The agreement was signed between CEO of the finance company Mr. Rajnish Kumar Singh and CEO of the merchant bank Mr.       Kabindra Dhoj Joshi amid a program, as per the media statement.

The finance company currently serves a little over 13 thousand customers from its six branches, as per the media statement.