Last day to apply for 50% right shares of Swarojgar Laghubitta; Offer ends today

Swarojgar Laghubitta Bikas Bank Limited (SLBBL) is closing 2:1 (50%) right shares to its existing shareholders today (Shrawan 4, 2074).The right issue was open for 35 days from Ashad 1, 2074. The microfinance company is issuing a total of 3,49,993.60 unit right shares worth Rs 3.49 crore at the face value of Rs 100. The book closure date for 50% right issue was set for Jestha 17, 2074 for one day. Only the shares registered one day ahead of the book closure date i.e. Jestha 16, 2074 are eligible for applying for the right shares. NMB Capital Limited has been assigned as the issue manager for the right issue. Interested shareholders can collect the application forms from NMB Capital, Nagpokhari, Naxal Kathmandu as well as from designated branch offices of NMB Bank and Swarojgar Laghubitta. After the adjustment of the rights shares, the microfinance company’s total paid-up capital will reach to Rs 10.49 crore from existing Rs 6.99 crore. The company has authorized capital of Rs 40 crore. Its public-promoter share structure stands at 51:49 ratio. Swarojgar Laghubitta Bikas Bank has earned net profit of Rs 2.03 crore in the third quarter of the FY 2073/74.