Book closure for the right issue of Chhimek Laghubitta on Ashad 30: LTP stood at Rs 1760

ShareSansar, July 8:

Chhimek Laghubitta Bikas Bank Limited 13th AGM held on Mangsir, 18, 2071   had endorsed 2:1 right shares and now the microfinance company has announced the book closure date for the same.

The book closure date for 2:1 right issue has been set for Ashad 30. Only the shares registered one day ahead of the book closure date i.e. Ashad 29 will be eligible for the right shares.

Chhimek Laghubitta had reported net profit of Rs 19.28 crore in its third quarter company analysis of the fiscal year 2071/72.

Its last traded price stood at Rs 1760 as on July 7.

ICRA Nepal has assigned “[ICRANP] IPO Grade 3+”, indicating average fundamentals to the proposed rights issue.

Company’s present paid up capital is Rs 28.3 crore which will be Rs 42.5 crore after the issuance of right shares.