Central Finance Auction : Bid opening tomorrow !!!

Central finance has published a notice regarding the bid opening of the auction. As per the notice, the bid will be opened tomorrow at 3 pm in the premises of NIBL ACE Capital, Lazimpat. 

The company had auctioned 9,81,708.725 unit Promoter and 1,04,230.35 unit ordinary shares. The auction commenced from 20th Baisakh and ended on 27th Baisakh, 2075. 

Central finance had issued 50% right shares from 23rd Poush to 13th Falgun, 2074. The unclaimed shares were the one auctioned to the general public. However, only existing promoters could apply for promoter shares.

NIBL Capital is managing the auction.

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