Mirmire Microfinance 50% right share in SEBON pipeline

Mirmire Microfinance Development Bank Limited (MMFDB) has been added in SEBON pipeline to request approval for the issuance of right shares in the ratio 100:50. MMFDB is seeking the approval to issue 1,50,000 units right shares to be floated at a par value of Rs 100 per share. Prabhu Capital Limited has been assigned as the issue manager. MMFDB has earned Rs 84.02 lakh in the second quarter of the fiscal year 2073/74. It had distributed 50% bonus share for the FY 2073/74. Its paid up capital after the issuance of bonus shares stands at Rs 3 crore. After the issuance of 50% right shares, its paid up capital will reach Rs 4.5 crore.