Grameen Bikas Laghubitta to issue 32.75 Lakh units as 50% right shares; book closure on 29th Chaitra 2075

Nepal Stock Exchange Limited (NEPSE) has published a circular regarding the proposed issue of right share of Grameen Bikas Laghubitta Bittiya Sanstha (GBLBS).

The 122^nd BOD meeting held on 14^th Chaitra, 2075 decided to proposed issue of 50% right shares worth Rs.32.75 Crore for the existing shareholders of the company. The book closure date for this purpose is on 29^th Chaitra, 2075. Investors holding shares of the microfinance company till 28^th Chaitra will be eligible to apply for the right share issue. The company will be issuing 32.75 Lakh units of shares as rights at par value of Rs.100 each.

The current paid up capital of the company stands at Rs.65.50 Crore. This will increase to Rs.98.25 Crore after the issue of 50% right shares.