Mithila Laghubitta Bikas Bank to issue 2:1 (1,69,740 units) right shares from Shrawan 19; book closure on Shrawan 7

Mithila Laghubitta Bikas Bank Limited (MLBBL)will be  issuing 2:1 (50%) right shares to its existing shareholders at the  face value of Rs 100 per share from Shrawan 19, 2073. According to the notice published by the microfinance today, the rights issue will remain open for 35 days before closing on Bhadra 21, 2073. The microfinance will be issuing a total of  1,69,740 units right shares. Civil Capital Market Limited is the issue manager for this right share issue. The microfinance has set the book closure date for 50% right issue on Shrawan 7, 2073. Only the shares registered one day ahead of the book closure date i.e. Shrawan 6, 2073 will be eligible for the right shares. Interested shareholders can collect the application forms from the any branch of Mithila Laghubitta Bikas Bank, as well as from Civil Capital Limited located at Kamaladi,, Kathmandu. After the adjustment of the rights shares, the bank’s total paid-up capital will reach to Rs 5.09 crore from the existing Rs 3.39 crore. The bank has authorized capital of Rs 10 crore. Mithila Laghubitta has earned net profit of Rs. 74.62 lakh in the third quarter of the current fiscal year. Its promoter- public ratio is at 70% to 30%. Its last traded price stood at Rs2850as on January 28, 2016.