1:1 right shares of First Microfinance, 4:1 right shares of Garima Bikas closing tomorrow
Wed, Apr 1, 2015 12:00 AM on Dividend, Bonus & Rights,
ShareSansar, April 1:
Existing shareholders have until tomorrow to file for the 1: 1 ratio right shares of First Microfinance and 4:1 ratio right shares of Garima Bikas Bank Limited. Nabil Investment Banking Limited is the issue manager for the rights issue of First Microfinance.
After the adjustment of the right shares, the bank’s paid-up capital will reach Rs 20 crore from the existing capital of Rs 10 crore.
Likewise, Garima Bikas right issue is managed by ACE Capital Limited. The bank’s capital, which is at Rs 44.88 crore at present, will increase to Rs 56.10 crore after the right shares are completely taken up by investors.
