Gentle Reminder! Grameen Bikas Laghubitta is closing 50% right issue from tomorrow; eligible investors are requested to apply

Wed, Jun 12, 2019 6:50 AM on Dividend, Bonus & Rights, Latest,
Gentle Rem...

Grameen Bikas Laghubitta Bittiya Sanstha Limited (GBLBS) is closing 32,75,000 units right shares (1:0.5) ratio to its existing shareholders from tomorrow (Jestha 30, 2076). This right issue is open since Baisakh 27, 2076. The eligible investors who are requested to apply early as possible.

The book closure date for right share purpose was on Chaitra 29, 2075. Investors holding shares of the company till Chaitra 28 will be eligible for right shares.

The microfinance company is  issuing right shares in the ratio of 1:0.5 or 50% at par value. The company is issuing 32,75,000 units as right shares to raise a capital worth Rs 32.75 crore.

NIBL Ace Capital Limited has been appointed as the issue manager.

The existing paid up capital of company is Rs 65.50 crore and after the 50% right shares issue the paid up capital will rises to Rs 98.25 crore.

Also see,

50% right share of Grameen Bikas Laghubitta Bittiya Sanstha opens from tomorrow; Things to know before investing

Right share offer letter