Nagbeli Laghubitta to issue 100% right shares from Shrawan 04; Shareholders holding till Ashadh 20 can apply for the right shares
Mon, Jul 2, 2018 1:56 AM on Book Closure, Dividend, Bonus & Rights, Stock Market, Latest,
Nagbeli Laghubitta Bittiya Sanstha Limited (NBBL) will be issuing 100% right shares for its shareholders from Shrawan 04, 2075 till Bhadra 07, 2075.
The microfinance company is issuing 7,66,465 unit shares at a par vaue of Rs 100.
NMB Capital has been appointed as the issue manager for the right share issuance.
For the purpose of the right share, the shareholders' register book will remain closed on Ashadh 21, 2075 i.e. the shareholders holding the shares of the microfinance company till Ashadh 20 will be eligible to apply for the right shares.
The paid up capital of the microfinance will reach Rs 15.32 crore after the adjustment of 100% right shares.
ICRA Nepal has provided Grade 4 rating to the right issuance of NBBL indicating below average fundamentals.
NBBL has reported net profit of Rs 1.83 crore in the third quarter of the current fiscal year.
