Kisan Microfinance to issue 24.22% (78,000 units) Right Shares from Ashwin 4; Offer ends on Kartik 7

Kisan Microfinance Bittiya Sanstha Limited will be issuing 100:24.22  (24.22%) right shares to its existing shareholders from Ashwin 4, 2074. According to the notice published by the microfinance  company today, the right issue will remain open for 35 days before closing on Kartik 7, 2074. The microfinance company will be issuing a total of 78,000 unit right shares worth Rs 78 lakh at the face value of Rs 100. The book closure date for 24.22% right issue was set for Bhadra 11, 2074 for one day. Only the shares registered one day ahead of the book closure date i.e. Bhadra 10, 2074 are eligible for the right shares. Civil Capital Market Limited has been assigned as the issue manager for the right issue. Interested shareholders can collect the application forms from Civil Capital, CTC Mall, Sundhar, Kathmandu as well as from designated branch offices of Kisan Microfinance Bank and Civil Bank. After the adjustment of the rights shares, the microfinance company’s total paid-up capital will reach to Rs 4 crore from existing Rs 3.22 crore. The company has authorized capital of Rs 4 crore. Its public-promoter share structure stands at 60:40 ratio. Kisan Microfinance has earned net profit of Rs 1.43 crore in the fourth quarter of the fiscal year 2073/74 as per unaudited report.