Reliance Finance extends date for 45% right issue; Issue to close on Magh 12th

Reliance Finance has decided to extend the deadline for 10:4.5 right shares by 15 days. The eligible shareholders can now apply upto Magh 12th. 

Shareholders having the shares of the company at the time bookclose are eligible for the right shares. The shareholders book closed on 7th Mangshir 2074. 

Reliance finance company is issuing 23.06 lakh units at a face value of Rs 100. The issue started from Manshir 22 and was supposed to end on Poush 27th. However, the company's BoD meeting has decided to extend the date upto Magh 12th.

Sunrise Capital is the issue manager for the issue.

Reliance finance currently has a paid up capital of Rs 51.25 crores. The capital will hike to Rs 74.32 after the capitalization of right shares. Being a national level finance company, RLFL still needs to increase its paid up capital by Rs 5.68 crores.

RLFL was last traded for Rs 146 in the stock market.