Nadep Laghubitta allots its 100% right shares to the valid applicants; Remaining 61,236 units to be sold via auction soon

Nadep Lagubitta Bittiya Sanstha Limited (NADEP) has completed the allotment of its 100% right shares.

The microfinance company had floated 16 lakh unit shares as right shares for its shareholders. Out of the issued units, the company has allotted 15,38,764 units to the valid applicants.

Remaining 61,236 unit shares will be sold via auction in the future.

Nabil Investment Banking Limited was appointed as the issue manager for the right issuance.

After the adjustment of 100% right shares and recently announced 30% bonus share, the paid-up capital of the company will reach Rs 36.80 crore.