First Microfinance to auction 3,295 unit’s ordinary shares
Sun, Jun 14, 2015 12:00 AM on Dividend, Bonus & Rights,
ShareSansar June 14:
First Micro Finance Development Bank is auctioning its ordinary right shares to general public.
According to a notice published by the development bank today, it will be selling 3,295 units of ordinary right share after the rights shares issued on Falgun 15, 2071 were not fully subscribed by the investors. First Microfinance had offered right shares at the ratio of 1:1.
The auction starts from Ashad 1 and will last till Ashad 8.
Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100.
Global IME Capital limited is the issue manager for this auction.
The Bank had a profit rise of 24.38 percent in the third quarter as its net profit rose to Rs 2.4 crore, up from Rs 1.9 crore in the corresponding quarter last fiscal year.
The last trading price of its shares stood at Rs 579 on June 11.
