Samriddhi Finance Company Limited (SFCL) has allotted its 2:1 ratio rights offering on 16th Chaitra, 2078. The company will start refunding money to non-allottee investors starting from 20th Chaitra.

The rights offering was open from 8th Falgun to 29th Falgun, 2078. The company had proposed to issue the right shares in a 2:1 ratio. The company submitted its proposal to the regulator on Shrawan 15. SEBON then approved the proposal on Mangsir 29. Poush 11 was the book closure date. Thus, shareholders maintained before that day were eligible to apply for the right shares.

BOK Capital was appointed the issue manager. Of the 27,29,705 shares issued, the company only received valid applications for 17,89,239 shares,…


Read full article at ShareSansar.com


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