53.26 lakh unit right shares of RSDC Laghubitta and Prabhu Insurance added in SEBON pipeline for approval

Right shares of RSDC Laghubitta Bittiya Sanstha Limited (RSDC) and Prabhu Insurance Limited (PRIN) has been added in the SEBON pipeline for approval. 21,59,700 unit right shares of RSDC Laghubitta has been added in the pipeline. It will be providing right shares in the ratio of 5:3 to its shareholders. NIBL Ace Capital Market has been appointed as the issue manager for the right share issue. The paid up capital of the microfinance company is Rs 34.04 crore. After the issuance of right shares, its paid up capital will reach Rs 55.64 crore. Similarly, Prabhu Insurance’s 31,66,677.63 unit right shares have been added in the SEBON pipeline for approval. After the issuance of right shares in 1:0.46 ratio and the bonus shares of 19.20%, the paid up capital of the insurance company will reach Rs 1.05 arba. Prabhu Capital Limited has been appointed as the issue manager for the right share issue.