Book Closure for 200% right share of RSDC Laghubitta on Bhadra 16; only 7 trading days left

RSDC Laghubitta Bikas Bank Limited (RSDC) has set book closure date for its upcoming 1:2 (200%) right shares. As per the notice published in NEPSE today, the microfinance company has decided to close the register of their shareholders on Bhadra 16, 2073 for the purpose of issuing right share. Only those shareholders that have shares traded ahead of the book closure date will be eligible to apply for the right shares. SEBON had given approval for the issuance of right shares on Shrawan 5, 2074. RSDC Laghubitta is issuing 2,300,000 units shares at a face value of Rs 100 per share. NIBL Capital Markets Limited has been assigned as the issue manager for right share issue. RSDC Laghubitta’s 3^rd AGM held on Chaitra 12, 2073 had endorsed 15% bonus share to its shareholders from the profits it earned in the FY 2072/73 and issuance of 200% right shares to its shareholders to increase its paid up capital to Rs 60 crore by Asadh 2075. RSDC has earned net profit of Rs 1.96 crore in the fourth quarter of the FY 2073/74. Its paid up capital currently stands at Rs  11.50 crore. After the issuance of 200% right share, its paid up capital will reach Rs 34.50 crore.