SEBON Approves 35% Right Shares of Multipurpose Finance Company; Company to Issue 15.82 Lakh Right Shares Soon
Tue, Jul 11, 2023 5:05 PM on Latest, Dividend, Bonus & Rights,
The Securities Board of Nepal (SEBON) has approved the rights offering proposal of Multipurpose Finance Company Limited (MPFL) on Ashad 26, 2080.
The company will be issuing 35% right shares worth Rs. 15.82 Crores through the issue of 1,582,000 (1: 0.35) units of right shares to its existing shareholders. The present paid-up capital of MPFL is Rs. 45.20 Crores. Hence, after the issue of right shares at 35%, the paid-up capital of the company will be revamped to Rs. 61.02 Crores.
Muktinath Capital is appointed as the issue manager. The application was submitted to the board on Falgun 29, 2079.
MPFL closed at Rs. 395 today.
