Samriddhi Finance (SFCL) Opening 2: 1 Rights Offering From Today

Sun, Feb 20, 2022 10:11 AM on Dividend, Bonus & Rights, Latest,

Samriddhi Finance Company Limited (SFCL) is opening a 2:1 ratio 27,29,705 units right share to its shareholders from today, i.e. 8th Falgun, 2078. The offering will conclude on 29th Falgun.

The company had proposed to issue the right shares in a 2:1 ratio. The company submitted its proposal to the regulator on Shrawan 15. SEBON then approved the proposal on Mangsir 29.

Poush 11 was the book closure date. Thus, shareholders maintained before that day are eligible to apply for the right shares.

BOK Capital is appointed the issue manager. After the issuance of the proposed right share, the total paid-up capital of SFCL will be Rs 81.90 crore. As of writing, the company has an LTP of Rs. 382.10.