Progressive Finance Limited has announced book close for 281% or 01: 2.81 right share to its shareholders.
The book will be remains close on 23 Shrawan 2075. Those shareholders who buy share within 22 Shrawan or one day ahead of book close will be eligible for right shares.
The finance company will be issuing 59.01 lakh units of right shares at the face value of Rs.100.
Sunrise Capital has been appointed as issue manger for right share.
Currently its paid up capital is Rs.21 crore. After adjustment of 281% right share, paid up capital will reach to Rs.80.01 crore.
ICRA Nepal has graded 5 rating for right share of Progressive finance which indicates poor fundamentals.
