Kisan Microfinance's 50% right share issue closes today; Paid-up capital to reach Rs 7.20 crore after 50% right adjustment

Kisan Micro Finance Bittiya Sanstha Limited (KMFL) will be closing its 50% right shares issue today. 

The microfinance company has been issuing 2,40,250 unit shares for its shareholders at Rs 100 per share.

Civil Capital Market has been appointed as the issue manager for the right issuance.

The current paid-up capital of Rs 4.80 crore will reach Rs 7.20 crore after the adjustment of right shares.

The issue being less than Rs 3 crore is not required to be rated from the credit rating institutions.

The shareholders holding the shares before Kartik 13 can apply for the shares through any financial institutions providing ASBA facilities or through Meroshare.