Progressive Finance extends right issue till Ashoj 23; Paid-up capital to reach Rs 80.01 crore after adjustment
Tue, Sep 25, 2018 7:05 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Progressive Finance Limited (PROFL) has extended its deadline for applying on its 281% right shares.
The right shares issue which was to be closed on Ashoj 08, 2078 i.e. yesterday has been extende till Ashoj 23, 2075.
The finance company is issuing 59,01,000 shares for its shareholders at a par value of Rs 100.
Care Ratings Nepal had assigned Grade 5 rating to the right shares of PROFL indicating poor fundamentals.
The finance company’s current capital of Rs 21 crore will increase to Rs 80.01 crore after the adjustment of 281% right shares.
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