Samriddhi Finance (SFCL) auctioning unclaimed right shares from Mangsir 10
Samriddhi Finance Company Limited (SFCL) had previously issued the right shares in the ratio 1:2 to its shareholders. 36,39,606 units right shares were issued to shareholders from Ashwin 16.
Issuing a new notice today, the company has notified that the unclaimed right shares will be auctioned. The auction for the unclaimed right shares will open from Mangsir 10 and will conclude on Mangsir 17. Existing promoters, the general public, and institutions are all eligible to bid for the auction.
The announcement has notified that 13,58,268 unclaimed promoter shares and 4,66,089 unclaimed ordinary shares will be auctioned. While the minimum bid rate is Rs. 100, the minimum bid quantity should be 100 units for promoters and the general public. Although bidders can bid for the entirety of the issue, they are required to abide by Nepal Rastra Bank's rule to not exceed the specified quantity of shares per entity. Additionally, bidders bidding for the total bid amount totaling more than Rs. 10 lakhs must include their PAN.
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