NEPSE adjusted the stock price of Multipurpose Finance at Rs 318.37 after adjusting 35 percent right shares. The last trading price of the stock was Rs 394.80 on July 28.
Similarly, NEPSE adjusted the stock price of Synergy Finance at Rs 203.33 after adjusting 50 percent right shares. The last trading price of the stock was Rs 255 on July 28, 2023.
Multipurpose Finance (MPFL) obtained approval from Securities Board of Nepal (SEBON) to issue 1:0.35 right shares. As per the approval, it will issue 1,582,000 units of shares at a face value of Rs 100.
Synergy Power (SPDL)is issuing 50 percent rights shares of its paid-up capital. It will issue a total of 4,032,875 units of right shares to its existing shareholders.
Previously, the right issue was approved by Electricity Regulatory Commission on January 26.
As per the company, it is issuing the right shares to promote 10 MW Sipring Khola Hydropower Project in Dolakha District..
