Multipurpose Finance to Close Book for Right Issue

Jun 19, 2019 Merolagani

Multipurpose Finance (MPFL) is closing its book for 865 percent right issue. The 344th board of directors meeting of the company held on June 18 decided to close the book on June 26 for the upcoming right issue.

According to the decision, the shareholders registered in its book till June 25 will be eligible to apply for the right issue.

The company is issuing the right issue in a bid to meet the minimum paid-up capital requirement of Rs 400 million as per NRB directive.

Presently, the company has a paid-up capital of Rs 41.4 million that will reach Rs 400.2 million after the right issue.

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