First Microfinance Dev Bank issuing 13.22 lakh units (50%) right shares from today; offer ends on Jestha 31

First Microfinance Development Bank Limited (FMDBL) is issuing 50% right shares (13,22,500 units) to its shareholders from today (Baisakh 28, 2074). The rights issue will remain open for 35 days before closing on Jestha 31, 2074. The book closure date for the rights issue had been set for Chaitra 30, 2073. Only those shareholders holding shares traded one trading day ahead of the book closure date i.e. until Chaitra 29, 2073 are eligible to apply for the right shares. Global IME Capital Limited is the issue manager for this rights issue. Interested applicants can collect application forms from Global IME Capital Limited, Jamal, Kathmandu and designated branches of First Microfinance Development Bank and Global IME Bank Limited. FMDBL has earned net profit of Rs 5.76 crore in the third quarter of the FY 2073/74. Its current paid up capital stands at Rs 26.45 crore. After issuance of 50% right share, 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.