Laxmi Laghubitta 100% right share issue ends today; Last day to apply

Existing shareholders have one more day to file for the 1:1(100%) ratio right shares of Laxmi Laghubitta Bittiya Sanstha Limited (LLBS). The microfinance company has been issuing right shares from Ashwin 14, 2072 and today is the closing day for the same. Laxmi Laghgubitta 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 the issue manager for the right issue. Interested shareholders can collect the application forms from NMB Capital Limited, Naksal, 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 1,661 as on November 7, 2016. LLBS had earned net profit of Rs. 6.24 crore in the fourth quarter of the last fiscal year.