Central Finance to re-auction 9.81 lakh promoter shares ; General public can also place the bid

Central Finance has published a notice regarding the re-auction of its unsold shares. 

As per the notice, 9,81,708.725 unit promoter shares will be reauctioned among general public. General public can also apply for the shares but for a minimum unit of 1000 at a price Rs 100 or above. 

Central finance had previously auctioned promoter as well as ordinary shares from 20th Baisakh, 2075 , but no application was received for promoter type shares. The shares are thus, now being auctioned. 

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.