Last Day to Bid for Samriddhi Finance Company's (SFCL) auction of right shares
Wed, Dec 2, 2020 8:05 AM on Latest, Dividend, Bonus & Rights, Auction,
Today is the last day to bid for the unclaimed right shares of Samriddhi Finance Company Limited (SFCL).
The company had auctioned unclaimed right shares for promoters and the public from Mangsir 10.
Samriddhi Finance had previously issued the right shares in the ratio 1:2 to its shareholders. 36,39,606 units of right shares were issued to shareholders from Ashwin 16.
The unclaimed right shares were then auctioned. Existing promoters, the general public, and institutions are all eligible to bid for the auction.
13,58,268 unclaimed promoter shares and 4,66,089 unclaimed ordinary shares are auctioned. While the minimum bid rate is Rs. 100, the minimum bid quantity should be 100 units for promoters and the general public. Although bidders can bid for the entirety of the issue, they are required to abide by Nepal Rastra Bank's rule to not exceed the specified quantity of shares per entity. Additionally, bidders bidding for the total bid amount totaling more than Rs. 10 lakhs must include their PAN.