Samriddhi Finance gets approval from SEBON to issue 200% right shares; company to float more than 36 Lakh units soon

The Securities Exchange Board of Nepal (SEBON) has approved the proposed right share of Samriddhi Finance Company Limited (SFCL).

The finance company will be issuing 3,639,606 units of shares as 200% right shares at par value of Rs.100 per share to the existing shareholders of the company. The company will raise capital of Rs.36.39 Crore from the right issue.

BOK Capital Market Limited has been appointed as the issue manager.

The current paid-up capital of the company stands at Rs.18.19 Crore which will increase to Rs.54.59 Crore after the adjustment of the right shares.