Central Finance 10.85 lakh unit auction Commencing from today !!!

Central finance is all set to auction the unsold right shares to general public. As per the report published, the company will auction 9,81,708.725 unit Promoter and 1,04,230.35 unit ordinary shares. The auction will commence from today, 20th Baisakh and end on 27th Baisakh, 2075. 

Central finance had issued 50% right shares from 23rd Poush to 13th Falgun, 2074. The unclaimed shares are now to be auctioned. However, only existing promoters can apply for promoter shares.The minimum bid price has to be Rs 100 whereas quantity has to be 100 units for ordinary and 1000 for promoters. 

NIBL Capital will manage the auction 

The forms can be collected from NIBL ACE Capital, Lazimpat and its branches , Head office of central finance and four branches of Nepal Investment Bank namely : Surkhet , Nepalgunj, Narayanghat and Dhangadi.   

Central finance is a merged entity formed after the merger of Bhaktapur finance and Central finance at a swap ratio of 1:1. The company will meet the central bank's capital requirement after the capitalization of right and bonus. The company had recently announced 8.5% bonus for shareholders.