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Summit Microfinance appoints Sanima Capital as issue manager to issue 100% right share

- ShareSansar, May 19, 2017  on Dividend, Right & Bonus , Featured , Latest , Stock Market
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Summit Microfinance Development Bank Limited (SMFDB) has appointed Sanima Capital Limited as its issue manager for issuing 100% right share.

Summit Microfinance Development Bank’s 8th AGM had approved to issue 100% right share to its shareholders.

The microfinance company will be floating 7.25 lakh units right shares. The process to issue right share is yet to be approved by SEBON.

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SMFDB earned net profit of Rs 3.81 crore in the third quarter of the current fiscal year 2073/74. It  has a paid up capital of Rs 7.25 crore. The company had issued 45% bonus share to its shareholders for the FY 2072/73. After issuance of 100% right share, its paid up capital will reach Rs 14.50 crore.

 

 

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