SEBON Approves 2: 1 Rights Proposal of Samriddhi Finance (SFCL), Company to Issue 27,29,705 Shares

Thu, Dec 16, 2021 11:03 AM on Dividend, Bonus & Rights, Latest,

The Securities Board of Nepal (SEBON) has approved the rights offering proposal of Samriddhi Finance Company Limited (SFCL).

The company had proposed to issue the right shares in a 2: 1 ratio. Since the proposal has now been approved by the regulatory board, the finance company will issue a total of 27,29,705 shares to eligible shareholders.

The company submitted its proposal to the regulator on Shrawan 15. SEBON then approved the proposal on Mangsir 29.

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. 520.