Multipurpose Finance Company (MPFL) Unveils Book Closure Date for 35% Rights Offering

Multipurpose Finance Company Limited (MPFL) has unveiled the book closure date for its 35% right shares on 12th Shrawan, 2080. Thus, the shareholders maintained before that are eligible for the rights offering.

The company will be issuing 35% right shares worth Rs. 15.82 Crores through the issue of 1,582,000 (1: 0.35) units of right shares to its existing shareholders. The present paid-up capital of MPFL is Rs. 45.20 Crores. Hence, after the issue of right shares at 35%, the paid-up capital of the company will be revamped to Rs. 61.02 Crores.

Muktinath Capital is appointed as the issue manager.

As of writing, MPFL has an LTP of Rs. 403.