Multipurpose Finance Company Allots 35% Right Shares to Shareholders, Company Refunding Non-Allottees From Ashwin 16
Mon, Oct 2, 2023 10:25 AM on Latest, Dividend, Bonus & Rights, Share Allotment,
Multipurpose Finance Company Limited (MPFL) has allotted 15,82,000 units of right share to its shareholders on 12th Ashwin. The company is refunding money to the non-allottee investors from 16th Ashwin, 2080.
The finance company opened its 35% right shares offering from 10th Bhadra to 31st Bhadra, 2080. 15,82,000 units of right shares were issued to the eligible shareholders at a par value of Rs. 100 from the paid-up capital of Rs. 45.20 Crores. Hence, after the issuance of the right share in the ratio of 1:0.35, the paid-up capital of the company will be increased to Rs. 61.02 Crores.
According to the notice published today, out of the total right shares issued only 1,439,227 units were allotted to 4,328 eligible shareholders. The remaining 142,773 units of right shares will be later sold via auction.
Muktinath Capital Limited was appointed as the issue manager of this right share.
As of writing, MPFL has an LTP of Rs. 299.50.
