Last day to secure Right Issue of Multipurpose Finance

Jun 25, 2019 11:01 AM Merolagani

Today is the last day to secure the dividend of Multipurpose Finance (MPFL). The company is closing its book for 865 percent right issue on June 26, thus, 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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