Civil Laghubitta ongoing 100% right share issue extended by 15 days; now right issue closes on Bhadra 29

Thu, Aug 27, 2020 6:32 AM on Latest, Dividend, Bonus & Rights,

Civil Laghubitta Bittiya Sanstha Limited (CLBSL) has decided to extend its ongoing right issue by 15 days (till Bhadra 29, 2077) due to ongoing lockdown imposed by the government.

CLBSL is issuing 1:1 ratio 11,41,140 units right share to its shareholders from Shrawan 25 to Bhadra 14, 2077. Now investors can fill the right shares till Bhadra 29.

The company is issuing 11.41 lakh unit shares at Rs 100 per share to its shareholders. The book closure for the issue was on Ashwin 27, 2076.

Century Capital Markets Limited is the issue manager of the right issuance.

The microfinance company has also published book closure notice for its (1:1) 11,41,140 right shares issues on Ashad 15 which means the shareholders holding shares till Ashad 14 are eligible to apply the right shares.

The company will raise Rs 11 crore 41 lakh 14 thousand from the issue. Post right share and FY 2075/76 proposed 5% bonus share, the paid-up capital will be Rs 23.40 crore. 

CARE Ratings Nepal Ltd. (CRNL) has assigned grading of “CARE-NP IPO Grade 4” to the proposed Right Share Issue of Civil Laghubitta Bittiya Sanstha Ltd. (CLBSL). “CARE-NP IPO Grade 4” indicates Below Average Fundamentals.