Mahuli Samudayik's 50% right issue to close today; Paid-up capital to reach Rs 9 crore

Mahuli Samudayik Laghubitta Bittiya Sanstha Limited (MSLB) will be closing its issue of 50% right shares on Poush 16 i.e today.

Sunrise Capital Limited has been appointed as the issue manager for the 3,00,000 unit right issue.

Shareholders holding shares of the microfinance company till today will be eligible to apply for the right shares.

ICRA Nepal had assigned Grade 4 rating to the 50% right shares indicating below average fundamentals.

Application for the issue can be placed through any of the financial institutions providing C-ASBA facility or through Meroshare.

After the issue of right shares, the paid up capital of the company will increase by Rs.3 Crore and stand at Rs.9 Crore.