Multipurpose Finance allots its 1:8.65 right issue; approx 70.5% shares were unsubscribed

Multipurpose Finance company Limited (MPFL) had issued right shares at the ratio of 1:8.65. A total of 35,85,264 units right shares were floated to its shareholders from Ashad 23, 2076 to Bhadra 9, 2076.

The company has published a notice today informing that the shareholders have been allotted shares on Bhadra 30, 2076.

Civil Capital Market Limited has been appointed as the issue manager for the right issuance.

According to the issue manager applications for a total of 10,57,986 units have been received. The officer also informed that the unsubscribed units will be auctioned after Dashain only.

After the issuance of right shares, the paid-up capital of the company which is currently at Rs.4.14 Crore, will reach Rs 40 Crore.

The existing promoter and public shareholders ratio of the company stands at 60:40.

Notice