Best Finance Company to open bids for its auctioned 1.08 lakh unit right shares

Best Finance Company Limited will be opening bids for its auctioned 1,08,141 unit right shares today. The bid opening will be conducted at the premises of Global IME Capital Limited, Jamal, Kathmandu at 2:30 PM.

The finance company is selling 1,201 units ordinary and 1,06,940 unit promoter shares after the right shares issued from Bhadra 27 to Kartik 14, 2074 were not fully subscribed by its shareholders. It had offered right shares in the ratio of 1:1.25 (125%). Around 6.54% shares of the total right issue will be auctioned, i.e. remaining after previous auction.

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.