Reliance Finance Starts Auction of Unsold Right Shares for 4th Time from Today

Mar 01, 2019 Merolagani

Reliance Finance (RLFL) has started auction of unsold promoter right shares for the fourth time from March 1. The company is auctioning 188,874.52 units of unsold promoter right shares.

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 adjustment of the right issue.

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