Samriddhi Finance Company Auctioning 11,35,558 Promoter Shares
Samriddhi Finance Company Limited is auctioning its promoter shares. The auction will open today, i.e. on 29th Ashad and conclude on 5th Shrawan, 2078.
11,35,558 unit promoter shares will be auctioned. This is the unclaimed portion of the right shares that were issued from Ashar 03 to Ashar 10. Note that 13,80,718 unclaimed shares were already auctioned but only 2,45,160 shares were allotted.
Individuals, companies, and institutions are all eligible to bid for the auction. Rs. 100 is the minimum bid rate and 1000 is the minimum bid quantity. Bidders can bid for the entirety of shares. However, bidders are required to abide by Nepal Rastra Bank's rule to not exceed the specified quantity of shares per entity.
BOK Capital is the auction manager.
