Last day to hold the shares of Swadeshi Laghubitta for 100% right issuance; Shareholders book to remain closed tomorrow

Today is the last day to hold the shares of Swadeshi Laghubitta Bittiya Sanstha Limited (SDESI) to be eligible to apply for the 100% right shares.

The microfinance company will be issuing right shares in the ratio of 1:1 for the shareholders holding the shares till Bhadra 24, 2075 i.e. today. As per the notice published in NEPSE, the shareholders register book of the company will remain closed in Bhadra 25, 2075.

The issuance of 11.50 lakh unit right shares will raise the paid-up capital to Rs 23 crore.

NIC Asia Capital has been appointed as the issue manager for the right issue.

Care Ratings Nepal Limited has assigned Grade 4 rating to the right share issue of the microfinance indicating below average fundamentals.