Progressive Finance to re-auction unsold right shares from January 29

Jan 14, 2019 Merolagani

Progressive Finance (PROFL) is set to re-auction 1,330,255 units of unsold right shares from November 26. The company is auctioning 1,330,255 units of general right shares that went unsold during its first auction from November 26 to December 10. The re-auction will close on February 5.

The company has appointed Sunrise Capital as its issue manager. The bidders can bid for a minimum of 100 general shares at a minimum price of Rs 100.

The interested bidders can bid for the shares from Sunrise Capital at Kamalpokhari-Kathmandu and Biratnagar, BIrgunj, Butwal, Pokhara, Nepalgunj, Surkhet and Dhangadhi branch at Sunrise Bank.

Presently, the company has a paid-up capital of Rs 210 million that will reach Rs 800 million after capitalization of the right issue.


comments powered by Disqus

8k New Faces Enters Stock Market In a Month

Jan 20, 2020 11:26 AM

After a long fall, finally, domestic stock market is gaining some momentum.  The dim signal of recovery shown by the sole secondary market of the country has managed to attract nearly 8,788 new investors within a month of Poush.