Kalika Microcredit to hold its AGM on April 12 to elect 3 public directors

ShareSansar, March 18:

Kalika Microcredit Development Bank Limited has decided to hold its fourth Annual General Meeting on April 12 at Waling in Syangja district.

The first AGM of the microfinance institute following the issuance of its Initial Public Offering (IPO) in November is due to elect three public directors.

The shares of the company are being traded for the first time since January 28.

The IPO of 2 lakh unit of ordinary shares were floated in November.

Before the IPO, Kalika Micro Credit had an authorized capital of 10 crore, issued capital of Rs 5 crore and a paid-up capital of Rs 3 crore.

The micro credit development bank has stated that following the IPO its paid-up capital has risen to Rs 5 crore.