Srijana Finance allots 60% rights issue; Unsubscribed 3.05 lakh units to be auctioned soon
Sun, Dec 15, 2019 11:42 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Srijana Finance Limited (SFFIL) had issued 60% right issue. The issue had opened from Ashwin 17, 2076 and the initial closing date was set on Kartik 21, 2076. However, due to under-subscription, the issue was extended to Mangsir 6, 2076.
The company has allotted the shares on Mangsir 27, 2076.
The remaining 3.05 lakh promoters and public shares will be placed for the interested general public for grab in an auction process.
Sunrise Capital has been appointed as the issue manager.
The finance company had issued 2,764,692 units of shares as 60% rights for the existing shareholders of the company at par value of Rs.100 to raise a capital worth Rs.27.64 Crore.
The current paid-up capital of SFFIL is Rs 46 crore 7 lakh 82 thousand, which after the adjustment of right will reach Rs 73 crore 72 lakh 51 thousand 200.
