Best Finance to Auction Unsold Right Shares

Aug 21, 2019 12:03 PM Merolagani

Best Finance (BFC) is set to auction 802,224 units of unsold right shares that went unsold during its issuance from August 28.

The company will auction 557,674.57 units of promoter and 244,549.90 units of ordinary right share. The interested investors can bid for a minimum of 100 for ordinary and 1,000 units for promoter shares and maximum of all shares at a minimum price of Rs 100 per share.

The interested investors can apply for the shares from issue manager Prabhu Capital, all branch offices of Best Finance and designated branches of Prabhu Bank.

The last traded price of the share on August 20 was Rs 98.

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