Laxmi Laghubitta to issue 100% (11 lakh unit) right shares from Ashwin 14; Paid up capital to reach Rs 22 crore

Laxmi Laghubitta Bittiya Sanstha Limited (LLBS) will be issuing 1:1 (100%) right shares to its existing shareholders from Ashwin 14, 2073. According to the notice published by the microfinance company today, the rights issue will remain open for 35 days before closing on Kartik 18, 2073. Laxmi Laghgubitta will be 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 3,250 as on September 8, 2016. LLBS had earned net profit of Rs. 6.24 crore in the fourth quarter of the last fiscal year.