Laxmi Laghubitta & Sahara Bikas Bank issuing 100% & 150% right shares respectively from today

Laxmi Laghubitta Bittiya Sanstha Limited (LLBS) is issuing 1:1 (100%) right shares to its existing shareholders from today (Ashwin 14, 2073). The rights issue will close on Kartik 18, 2073. 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 assigned as 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 1701 as on September 29, 2016. LLBS had earned net profit of Rs. 6.24 crore in the fourth quarter of the last fiscal year. Sahara Bikas Bank Bank Limited (SHBL) is issuing 1:1.5 (150%) right shares to its existing shareholders from today. The right share will close on Kartik 18, 2073. Sahara Bikas Bak Limited is issuing a total 3, 54, 000 unit right shares at the face value of Rs 100. The book closure date for 150% right issues has been set for Bhadra 22, 2073 for one day. Only the shares registered one day ahead of the book closure date i.e. Bhadra 21, 2073 are eligible for the right shares. Global IME Capital Limited has been assigned as the issue manager for the right issue. Shareholders can collect the application forms from Global IME Capital Limited, Rastriya Naachghar, Jamal , Kathmandu and from central and all branch offices of Sahara Bikas Bank Limited. SHBL had earned a net profit of Rs. 1.003 crore in the fourth quarter of the last fiscal year 2072/73 as per unaudited report. The paid up capital of the development bank stands at 2. 36 crore. After the issuance of 150 percent, the paid up capital will reach Rs 5.90 crore. Its authorized capital remains at Rs 10 crore. Its last traded price stood (LTP) at Rs 445 as on August 7, 2016.