Book closure for 50% right share of First Microfinance on Magh 9; LTP at Rs 850

First Microfinance Laghubitta Bittiya Sanstha Limited (FMDBL) has published a book closure date for its upcoming 50% right share issue. As per the notice published today in NEPSE, the book closure date has been set on Magh 9, 2074. Thus, only those shareholders holding their shares till Magh 8, 2074 i.e. one day ahead of the book closure date are eligible to apply right shares. FMDBL will be issuing 22.81 lakh units right shares worth Rs 22.81 crore to its existing shareholders at a face value of Rs 100 per share. Global IME Capital Limited has been assigned as the issue manager for right share issue. Its paid up capital will reach to Rs 68.43 crore after 50% right share issue from existing Rs 45.62 crore. It had posted net profit of Rs 2.41 crore in the first quarter of the FY 2074/75. Its LTP stood at Rs 850 as of last trading day.