Unsold 75,340 unit promoter right shares of Best Finance to be sold via auction; Auction starts from Baisakh 31

Best Finance Company Limited (BFC) has published a notice regarding the auction of its unsold 75,340 unit promoter right shares. The bids can be placed from Baisakh 31, 2075 till Jestha 08, 2075.

For the auction, the minimum bid price has been set as Rs 100 i.e. the interested bidders can place their bids above Rs 100. Also, the bidders can place their bids for a minimum number of 100 unit of the promoter shares.

Global IME Capital has been appointed as the issue manager for the right share auction.

The finance company has urged the bidders to deposit the total bid amount in A/C no. 0111010011060 in Global IME Bank Limited in the name of Global IME Capital.

Interested bidders can collect the application form from Global IME Capital or any of the designated branches of Best Finance Company.

After the adjustment of the rights shares, the company’s total paid-up capital will reach Rs 29.75 crore from the existing Rs 13.22 crore. The bank has authorized capital of 30 crore.

BFC will be acquiring Synergy Finance Limited (SYFL) in the share swap ratio of 1:1.