Multipurpose Finance Company (MPFL) Announces 35% Rights Issue from Bhadra 10

Thu, Aug 10, 2023 10:10 AM on Latest, Dividend, Bonus & Rights,

Multipurpose Finance Company Limited (MPFL) has published an offer letter inviting shareholders to issue a 1: 0.35 ratio of 15,82,000 units right share to its shareholders at a par value of Rs. 100.

The current paid-up capital of the company is Rs. 45.20 Crores. Hence, after the issue of the right share in the ratio of 1:0.35 or 15.82 crore unit right shares, the paid-up capital of the company will be increased to Rs. 61.02 Crores. The issue will open from 10th Bhadra to 31st Bhadra. (Office hours)

The company placed the application to the Securities Exchange Board of Nepal (SEBON) for the right issue, and on Ashad 26, 2080 SEBON approved the rights issue of 1: 0.35.

Muktinath Capital Limited has been appointed the issue manager of this right share.

Previously, the company had unveiled the book closure date for its rights offering. The book closure date was 12th Shrawan. Thus, shareholders maintained before that day are entitled to apply for the rights offering when the company issues it.

Official Notice