First Micro opens 1:1 right share from falgun 15; shareholders only till Magh 28 can apply

ShareSansar, February 5:

First Microfinance Development Bank Limited (FMDBL) is issuing its 1:1 ratio rights shares for the shareholders from Falgun 15, 2071.

The subscription of a total of 10,00,000 units of rights shares which holds Rs 100 face value will be closed on Chaitra 19.

According to a notice published by the microfinance, shareholders having their names in the shareholder book till Magh 28 will only be entitled for the subscription of rights shares.

After the adjustment of the rights shares, the bank’s paid-up capital will reach Rs 20 crore from the existing capital of Rs 10 crore.

Nabil Investment Banking Ltd is the issue manager for the issuance of the rights shares of the bank.

The last trading price of FMDBL at Nepal Stock Exchange stood at Rs 1090.