5:1 right shares of Unnati Microfinance added in SEBON pipeline; to issue 1.1 lakh units

Unnati Microfinance Bittiya Sanstha Limited (UMB)'s 20% right shares for its shareholders has been added to SEBON pipeline. The issue is subject to SEBON's scrutiny and approval.

The microfinance will be issuing 1.1 lakh unit shares worth Rs 1.1 crore. Siddhartha Capital has been appointed as the issue manager.

According to the unaudited financial report for the third quarter, the microfinance's net profit has increased to Rs 1.80 crore in third quarter. After the adjustment of right shares, its paid up capital will reach Rs 6.60 crore.