Mirmire Microfinance to issue 50% (1.50 lakh units) right share from today

- ShareSansar, June 19, 2017  on Dividend, Right & Bonus , Featured , Latest , Stock Market

Mirmire Microfinance Development Bank Limited (MMFDB) is issuing 1:0.5 (50%) right to its shareholders from today (Ashad 5, 2074).

The rights issue will remain open for 35 days before closing on Shrawan 8, 2074.

The microfinance company had set book closure date for the right issue on Jestha 17, 2074. Only those shareholders holding shares one trading day ahead of the book closure date i.e. till Jestha 16, 2074 are eligible to apply for the right shares.

MMFDB is issuing 1,50,000 units right shares at a par value of Rs 100 per share. Prabhu Capital Limited has been assigned as the issue manager for right share issue.

Interested applicants can collect application forms from Prabhu Capital  Limited, Durbarmarg, Kathmandu and all branches of Mirmire Microfinance as well as from Prabhu Bank Limited.

The company has authorized capital of Rs 10 crore. Its promoter- public ratio stand at Rs 70:30.

Mirmire Microfinance has earned net profit of Rs 1.21 crore in the third quarter of the FY 2073/74. It had distributed 50% bonus share for the FY 2073/74. Its paid up capital after the issuance of bonus shares stands at Rs 3 crore. After the issuance of 50% right shares, its paid up capital will reach Rs 4.50 crore.