Nagbeli Laghubitta allots 1:1 right shares to the shareholders; Remaining 9,518.44 unit ordinary shares to be sold via auction

Nagbeli Laghubitta Bittiya Sanstha Limited (NBBL) has allotted its 100% right shares to the valid applicants.

The microfinance company has allotted 7,56,944.71 unit shares out of the total issued 7,66,463.15 units. Remaining 9,518.44 unit ordinary shares will be sold via auction in the near future.

NMB Capital has been appointed as the issue manager for the auction.

ICRA Nepal has provided Grade 4 rating to the right issuance of NBBL indicating below average fundamentals.

The paid up capital of the microfinance will reach Rs 15.32 crore after the adjustment of 100% right shares.