Reliance Finance Opens Re-auctions of Unclaimed Promoters Right Shares

Apr 09, 2018 Merolagani

Reliance Finance (RLFL) has started re-auctioning 535,314.52 units of promoter right shares that went unsold during the first auction from April 9 to 16.

According to the company, the interested bidders can bid for a minimum of 1000 units of shares at a minimum price of Rs 100. The company is opening the re-auction to both existing promoter shareholders and general investors.

Reliance Finance has appointed Sunrise Capital as its issue manager. The interested bidders can bid for the shares from Sunrise Capital, Kamalpokhari, Kathmandu as well as Pokhara, Chitwan, Kavre, Jhapa branch of Reliance Finance and Biratnagar, Birgunj, Butwal, Nepalgunj, Surkhet and Dhangadhi branch of Sunrise Bank.

Presently, Reliance Finance has a paid-up capital of Rs 512.5 million that will reach Rs 743.2 million after the right issue.

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