Multipurpose Finance Starts Issuing 865% Right Issue

Jul 08, 2019 11:47 AM Merolagani

Multipurpose Finance (MPFL) has started issuing 865 percent right shares from July 8. The company is issuing 358,526,400 units of right shares at a ratio of 1:865 to its existing shareholders. The issue will close on August 11.

The company closed its book on June 26, thus, the shareholders registered in its book till June 25 are eligible to apply for the right issue.

The company has appointed Civil Capital as its issue manager. The interested existing shareholders of the company can apply for the shares from Civil Capital at Sundhara and all branch offices of Multipurpose Finance.

Moreover, they can apply for the right shares from all C-ASBA approved BFIs and through meroshare software.

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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