Nagbeli Laghubitta to issue 100% right shares from today; Shareholders holding till Ashadh 20 eligible for the right shares
Fri, Jul 20, 2018 12:40 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Nagbeli Laghubitta Bittiya Sanstha Limited (NBBL) is issuing 100% right shares for its shareholders from today i.e. 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 had remained closed on Ashadh 21, 2075 i.e. the shareholders holding the shares of the microfinance company till Ashadh 20 are 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 fiscal year 2074/75.
Its LTP stands at Rs 1,245 as of yesterday.
