Best Finance to re-auction unclaimed right shares from Chaitra 9; Includes 1,201 units ordinary and 1.06 lakh promoter shares

Best Finance has announced date to re-auction its unclaimed right shares. This includes 1201 units ordinary and 1,06,940 unit promoter shares. The auction will commence on 9th Chaitra, 2074. (23rd March, 2018) and end on 18th Chaitra,2074 (1st April). 

Best finance Company had previously auctioned 2.85 lakh unit shares, out of which 1.77 lakh units were sold. The company will now sell the remaining shares. 

Best Finance Company had floated 16.52 lakh unit right shares at a ratio 1:1.25 from 27th Bhadra. . 

Global IME Capital is managing the auction

Interested bidders can get the forms from Global IME Capital, Nachghar or stated branches of Global IME bank. Bidders can bid for a minimum of 100 units at a price of 100 or above for both ordinary and promoter shares. Payment procedure as prescribed in the form must be followed. 

The company currently has a paid-up capital of Rs 13.22 crores, which will escalate to Rs 29.75 after the adjustment of Right shares.