Sunday is the last day to grab Progressive Finance 75% right shares
Fri, Sep 4, 2015 12:00 AM on Dividend, Bonus & Rights,
ShareSansar, September 4:
Progressive Finance Company Limited (PROFL) is closing its 4:3 (75%) ratio right shares on Bhadra 20 (Sunday) after banking hours. Sunday is the last day to apply for the right share.
The book closure date for 4:3 right issues had already set for Ashad 23. Only those shareholders registered one day ahead of the book closure date i.e. Ashad 22 can claim for the right shares.
A total of 9, 00,000 unit of right shares of face value of Rs 100 are being floated to its shareholders from Shrawan 17, 2072.
Growmore Merchant Banker Limited is the issue manager for this issue.
The company has a paid up capital of Rs 12 crore and after adjusting right shares the paid up capital will rise to Rs 21 crore.
Interested shareholders can collect the application forms from Progressive Finance office at Newroad as well as from the Growmore Merchant Bank Limited, Durbarmarg, Kathmandu.
The rights share has received ‘[ICRANP] IPO Grade 5 from the credit rating agency ICRA Nepal.
