Pokhara Finance Limited’s bid opening to take a couple days more; New year delays the bid opening process

Pokhara Finance Limited’s (PFL) bid opening for the unsold right shares has been pending for about a week and the reports suggest that the bid opening make take a couple of days more.

NIBL Ace Capital Limited has been appointed as the issue manager for the auction.

As per the official of NIBL Capital, new year resulted in delay in receiving the forms from outside the valley due to which the bid opening has not been made till date.

PFL’s auction was open from Chaitra 18 to Chaitra 25 for 1,00,353.47 unit ordinary shares and 80,348.27 unit promoters shares. The finance company has also announced 8.26% bonus shares from the profit of FY 2073/74. After the adjustment of right shares and bonus shares, the paid up capital of the company will reach Rs 81.63 crore.