Progressive Finance to Auction Unsold Right Shares for 3rd Time

Mar 27, 2019 Merolagani

Progressive Finance (PROFL) is set to auction 667,305 units of unsold right shares from April 3 for the third time. The company is auctioning the ordinary right shares that went unsold during its second auction. The auction will close on April 11.

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.


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