Last day to apply 24.22% right shares of Kisan Microfinance; Civil Capital manages the issue

Today is the last day to apply 24.22% right shares of Kisan Microfinance Bittiya Sanstha Limited (KMFL). KMFL is issuing 100:24.22  (24.22%) right shares to its existing shareholders from Ashwin 4, 2074. The microfinance company is 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.