Multipurpose Finance (MPFL) seeks approval from SEBON to issue 35% right shares.

Multipurpose Finance Company Limited handled the process of issuing rights shares (MPFL). In an application filed on February 29, the company requested approval from the Securities and Exchange Commission (SEBON) to issue rights shares.

If SEBON grants permission for the said right shares, MPFL will distribute 35 percent of the paid-up capital, or 1:0.35, to shareholders. It states that a total of 15.82 lakh shares will be sold at a nominal price of Rs. 1

Highlights:

• Higher Operating and Interest Expenses Caused a 95.81% Drop in Ridi Power’s Net Profit Company to Issue 50% Right Shares
• Mahila Laghubitta Calls 5th Annual General Meeting on February 21 to Support 50% Dividend
• The Sagarmatha Jalbidhyut Company’s Initial Public Offering (IPO) has concluded, with 3,58,176 lucky applicants receiving 10 units each.
• Balephi Hydropower suggests issuing right shares in a 1:0.50 ratio.
• Vijaya Laghubitta Calls an AGM on Chaitra 28 to Approve the 21.052% Dividend and Merger Agendas