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
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.
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.