Last day to apply for the 50% right shares of Samata Microfinance; Paid-up capital to reach Rs 4.74 crore

Toda is the last day to apply for the 50% right shares of Samata Microfinance Bittiya Sanstha Limited (SMATA).

SMATA is issuing 50% right shares for its shareholders from Ashadh 27, 2075. The right issue will last till Shrawan 29, 2075 i.e. today.

The microfinance company is issuing 1,89,600 unit right shares at a par value of Rs 100. The company’s paid up capital will reach Rs 4.74 crore after the right share issue.

The book closure date for the right share issuance had been set on Ashadh 12 i.e. the shareholders holding the shares of SMATA till Ashadh 11 will be eligible to apply for the right shares.

NIBL Ace Capital has been assigned as the issue manager for the right issue.

It reported net profit of Rs 73.85 lakh in the fourth quarter of the FY 2074/75. Its LTP stands at Rs 1,225 as on Shrawan 28, 2075.