First Microfinance issuing 22.81 lakh units (50%) right shares from today; offer ends Chaitra 23

First Microfinance Laghu Bitta Bittiya Sanstha Limited (FMDBL) is issuing 2:1 (50%) right shares to its existing shareholders from today (Falgun 18, 2074).

The right issue will remain open for 35 days before closing on Chaitra 23, 2074. The microfinance company is issuing a total of 22,81,313 unit right shares worth Rs 22.81 crore at the face value of Rs 100. FMDBL had set the book closure date 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 for the right shares. Global IME Capital Limited has been assigned as the issue manager for right share issue. Interested shareholders can collect the application forms from Global IME Capital, Nachghar, Jamal, Kathmandu as well as from designated branch offices of Global IME Bank and FMDBL. Also, shareholders can apply from the ASBA approved banks via "meroshare". Its paid up capital will reach to Rs 68.43 crore after 50% right share issue from existing Rs 45.62 crore. It had earned Rs 2.41 crore in the second quarter of the FY 2074/75. Its last closing price stood at Rs 556 as of last trading day.