Samriddhi Finance Limited looking to issue 200% right shares soon; SEBON adds issue to pipeline

Samriddhi...

Securities Exchange Board of Nepal (SEBON) has added 200% right share issue of Samriddhi Finance Company Limited (SFCL) under preliminary review in the latest list of rights in pipeline published.

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 right shares.