Book Closure for 50% right share of First Microfinance on Chaitra 30; LTP at Rs 1492

First Microfinance Development Bank Limited (FMDBL) had recently received approval from SEBON for the issuance of right shares in the ratio 2:1. The book closure date for the right issue has been set for Chaitra 30, 2073. As per the notice published in NEPSE today, the BOD meeting of FMDBL held today has decided that the register of their shareholders will remain closed on Chaitra 30, 2073. Only those shareholders holding shares one trading day ahead of the book closure date i.e. until Chaitra 29, 2073 are eligible to apply for the right shares. Its current paid up capital stands at Rs 26.45 crore. After issuance of 50% right share this year, its paid up capital will reach Rs 39.67 crore. As per its capital plan, FMDBL will provide 15% bonus share to its shareholders in the FY 2073/74. After this, its paid up capital will reach Rs 45.62 crore. It will again issue 50% right share next year, after which its paid up capital will reach Rs 68.44 crore. FMDBL has earned net profit of Rs 3.36 crore in the second quarter of the FY 2073/74. Its last traded price stood at Rs 1,492 as of today (Chaitra 20, 2073).