Multipurpose Finance Extends Deadline of Right Issue

Aug 11, 2019 09:32 AM Merolagani

 Multipurpose Finance (MPFL) has extended the deadline of 865 percent right shares by 15 days till August 26.

The company is issuing 358,526,400 units of right shares at a ratio of 1:865 to its existing shareholders from July 8. Earlier, the issue was supposed to 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.

Multipurpose Finance 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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