Synergy Finance Limited urges its major shareholders to provide call in advance amount for its upcoming 1:0.25 right share

Synergy Finance Limited has published a notice urging its major shareholders to deposit calls in advance amount for its upcoming 1:0.25 ratio right share. Its SGM conducted on Mangsir 5, 2073 had decided to issue right shares in the ratio of 1:0.25. Shareholders holding more than 1% of the paid-up capital i.e. 47,440 shares of Synergy Finance are requested to deposit amount equivalent to the right shares.

Further, those major shareholders who want to renounce their right will also have to deposit the amount and inform of the same to the company. The finance has urged to deposit amount in account number 100-00013-7 maintained in the name of Synergy-Right Share at Synergy Finance Limited.

Synergy Finance has earned net profit of Rs 2.57 crore in the third quarter of FY 2074/75. After 25% right share issue, its paid-up capital will reach Rs 59.30 crore from existing Rs 47.44 crore. Its trading in NEPSE has been suspended since October 12, 2017 due to ongoing acquisition by Best Finance Company Limited. The acquisition will complete in a share swap ratio of 1:1.