Reliance Finance allotted 23.06 lakh unit right shares on Falgun 10; 6.52 lakh shares unsubscribed

Reliance Finance Limited (RLFL) has allotted right shares to its shareholders on Falgun 10, 2074. As per the notice published by the development bank today, 23, 06,571.60 unit shares at a face value of Rs 100 per share worth Rs 23.06 crore were allotted to the shareholders. It had issued right shares from Mangsir 22 to Poush 27, 2074 in the ratio of 10:4.5 (45%). However, the closing date was extended till Magh 12, 2074. According to the information received from the finance company, total 6,52,940.60 unit shares have been unsubscribed out of which 5, 42,314.52 unit shares belong to promoters group and 1,10,626.08 unit shares belong to public. The notice of auction of the unsubscribed shares shall be published soon. Sunrise Capital Limited had been appointed as its issue manager. Its LTP stood at Rs 132 as of last trading day. See the notice here