Last day to apply 100% & 150% right share of Laxmi Laghubitta & Sahara Bikas Bank respectively

Existing shareholders have one more day left to file for 1:1 (100%) ratio right shares of Laxmi Laghubitta Bittiya Sanstha Limited (LLBS).The Microfinance Company has been issuing right shares from Ashwin 14, 2073 and today is the closing day for the same. Laxmi Laghubitta is issuing a total of 11, 00,000 unit right shares at the face value of Rs 100. The book closure date for 100% right issue was set for Bhadra 26, 2073. Only the shares registered one day ahead of the book closure date i.e. Bhadra 23, 2073 are eligible for the right shares. NMB Capital Limited is assigned as the issue manager for the right issue. Interested shareholders can collect the application forms from NMB Capital Limited, Naxal, Kathmandu, all branch offices of NMB Bank Limited and Laxmi Laghubitta. After the adjustment of the rights shares, the microfinance total paid-up capital will reach to Rs 22 crore from existing Rs 11 crore. The microfinance has authorized capital of Rs 40 crore. Its public-promoter share structure stands at 70:30 ratio. Its last trade price (LTP) stood at Rs 1545 as on October 27, 2016. LLBS had earned net profit of Rs. 6.24 crore in the fourth quarter of the last fiscal year. Similarly, today is the last day to file for 1:1.5 (150%) ratio right shares of Sahara Bikas Bank Bank Limited (SHBL).The development bank has been issuing right shares from Ashwin 14, 2073 and today is the closing day for the same. Sahara Bikas Bank Limited is issuing a total 3, 54, 000 unit right shares at the face value of Rs 100. The book closure date for 150% right issues was set for Bhadra 22, 2073 for one day. Only the shares registered one day ahead of the book closure date i.e. Bhadra 21, 2073 are eligible for the right shares. Global IME Capital Limited is the issue manager for the right issue. Shareholders can collect the application forms from Global IME Capital Limited, Rastriya Naachghar, Jamal, Kathmandu and from central and all branch offices of Sahara Bikas Bank Limited. SHBL had earned a net profit of Rs. 1.003 crore in the fourth quarter of the last fiscal year 2072/73 as per unaudited report. The paid up capital of the development bank stands at Rs 2.36 crore. After the issuance of 150 percent, the paid up capital will reach Rs 5.90 crore.