Multipurpose Finance Company Auctioning 1,42,773 Units Unclaimed Right Shares from Ashwin 29
Wed, Oct 4, 2023 9:54 AM on Latest, Dividend, Bonus & Rights, Auction,
Multipurpose Finance Company Limited (MPFL) is auctioning its 82,123 units promoter shares and 60,650 units ordinary shares to the general public/institutions. The auction will open on the 29th Ashwin to 13th Kartik, 2080.
82,123 units promoter shares and 60,650 units ordinary shares will be auctioned. This is the unclaimed portion of the rights offering. The company opened a 1: 0.35 ratio right share issue to its shareholders from 10th Bhadra to 31st Bhadra, 2080. The same unsold right shares will now be auctioned to the general public. Individuals and institutions are all eligible to bid for the auction.
Muktinath Capital has been appointed as the auction manager. Rs. 100 is the minimum bid rate for the auction. While the minimum bid quantity is 100 units for ordinary shares and 1000 units for promoter shares, there is no upper limit for the shares. Although bidders can bid for the entirety of the issue, they are required to abide by the regulatory board's rule to not exceed the specified quantity of shares per entity.
The last traded price of the scrip stands at Rs 295.10 per share.
