Nepal stock exchange (Nepse) has adjusted stock price of Multipurpose Finance Company Limited for right issue.
Nepse has adjusted only for 8.65% right shares instead of adjustment for 865% of right shares. As per Nepse adjusted price is Rs. 18007. But actual adjusted price is Rs.109.02 for 865% right share. Price before book close is Rs.187.
The company will be issuing 1:8.65 or 35,85,264 units of right shares at the rate of Rs.100 from 23 Ashad to 26 Shrawan 2076.
Civil Capital Market Limited will manage the issue.
Eligible shareholders can apply for right shares through all C-ASBA approved Banks & financial institutions.
After right issue, paid up capital will reach to Rs.40 crore. Currently, its paid up capital is Rs.4.14 crore.
