Central Finance to auction its unsold 9,81,708.725 unit promoter right shares from Jestha 14; Bidders can apply for 1000 units in promoters group

Central Finance Limited (CFCL) has published a notice regarding the auction of its unsold right shares from Jestha 14, 2075 till Jestha 21,2075.

The finance company had issued 26,03,314.075 unit 50% right shares for its shareholders from Poush 23 to Falgun 13. The finance company sold only 1,04,230.350 unit ordinary shares and alloted to the respective shareholders. The auction has been opened for the unsold 9,81,708.725 unit right shares of promoter group.

Anyone meeting the Nepal Rastra Bank promoter share criteria can apply for the right shares of the promoters group. Interested bidders must bid for a minimum of 1,000 unit shares in the promoters group.

NIBL Ace Capital is the issue manager for the auction. The finance company has urged the bidders to deposit their bid amount in account number 0010017424600001 in Kumari Bank Limited in the name of NIBL Ace Capital.

LTP of CFCL stood at Rs 128.