Mithila Laghubitta’s auction of unsold right shares opens from today; total 21,642.69 units put up for auction

Mithila Laghubitta Bittiya Sanstha Limited (MLBBL) is selling its unsold 21,642.69 units of unsold right shares via auction. The bids for the auction will be accepted from today i.e. 20^th Baisakh. Interested applicants can place their bids till 27^th Baisakh, 2076.

As per the notice published by the microfinance company, the company is auctioning 13,977.78 units of promoter right shares and 7,664.91 units of ordinary right shares. BOK Capital Limited has been appointed as the issue manager for the auction.

Interested bidders can obtain the application form from BOK Capital Limited, Central office of Mithila Laghubitta within the valley and from central office of BOK Capital Limited outside the valley, Jyoti Bikas Bank at Mahendranager for applicants outside the valley. The application form can be obtained at Rs.100 per form.

The applicants can bid for minimum 100 units at a minimum price of Rs.100 per share. The bid amounts can be deposited at BOK Limited, Kamaladi branch A/C No. 010000063359524 or Jyoti Bikas Bank, Kamaladi branch A/C No. 00100100090458000004.

The microfinance company was issuing 329,889.69 units as 50% right shares at par value. After the adjustment of 50% right shares and 10.45% bonus shares, the paid-up capital of MLBBL will reach Rs.10.59 Crore.