3 lakh unit right shares of Mahuli Laghubitta to be floated from Mangsir 11; Paid-up capital to reach Rs 9 crore after adjustment

Mahuli Samudayik Laghubitta Bittiya Sanstha Limited (MSLB) will be issuing its 50% right shares from Mangsir 11, 2075. The issuance for 3,00,000 unit right shares will be open till Poush 16, 2075.

Sunrise Capital Limited has been appointed as the issue manager for the right issue.

Shareholders holding shares of the microfinance company till today will be eligible to apply for the right shares.

ICRA Nepal had assigned Grade 4 rating to the 50% right shares indicating below average fundamentals.

Application for the issue can be placed through any of the financial institutions providing C-ASBA facility or through Meroshare.

After the issue of right shares, the paid up capital of the company will increase by Rs.3 Crore and stand at Rs.9 Crore.