Mirmire Microfinance got approval from SEBON to issue 50% right share

Securities Board of Nepal (SEBON) has given final approval to issue 100:0.50 (50%) right shares of Mirmire Microfinance Development Bank Limited (MMFDB). Prabhu Capital Limited has been assigned as the issue manager for right share issue. MMFDB will be issuing 1,50,000 units right shares at a par value of Rs 100 per share. Mirmire Microfinance’s 7^th AGM held on Poush 14, 2073 had approved 50% right share to its existing shareholders. 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.