Deprosc Laghubitta issuing 100% (25.79 lakh units) Right Shares from today; ends on Baisakh 10

Deprosc Laghubitta Bikas Bank Limited (DDBL) is issuing 1:1 (100%) right shares to its existing shareholders from today (Chaitra 7, 2073). The rights issue will close on Baisakh 10, 2074. Deprosc Laghubitta will be issuing a total 25, 79,238.45 unit right shares at the face value of Rs 100. The book closure date for 100% right issue was set for Falgun 2, 2073 for one day. Only the shares registered one day ahead of the book closure date i.e. Falgun 1, 2073 were eligible for the right shares. Nabil Investment Banking Limited has been assigned as the issue manager for this right issue. Interested shareholders can collect the application forms from Nabil Investment Banking Limited, Narayanchaur, Kathmandu, and all branch offices of Deprosc Laghubitta Bikas Bank. After the adjustment of the rights shares, the microfinance company’s total paid-up capital will reach Rs 51.58 crore from the existing Rs 25.79 crore. The microfinance has authorized capital of Rs 60 crore. Its public-promoter share structure stands at 51:49 ratio. DDBL has earned net profit of Rs 14.70 in the second quarter of the current fiscal year 2073/74.